Doha – Mubasher: Qatar Gas Transport Company (Nakilat) stock led the red list of the Qatar Stock Exchange (QE) on Tuesday, after announcing negative results for 2016.

The stock fell by 5.11% by 11:55am Qatari time to QAR 23.20.

The stock led the traded volume by 1.3 million shares exchanged at QAR 29.8 million, and was not affected by the fall in the bourse’s main index by 0.27% and a 0.35% decline in the industrial sector.

Nakilat net profit for fiscal year 2016 reached QAR 954.18 million, 2.9% down from QAR 982.3 million for FY15.