Qatar Exchange | MESAIEED | MPHC RECEIVES INCOME TAX EXEMPTION

 

Mesaieed Petrochemical Holding Company announced that it has received income tax exemption from the Government.As per the exemption, effective from 01 January 2019, MPHC’s shareholding in all of its Joint Ventures will be fully exempt from any income tax liability. In line with the historical tax exemption mechanism, it has also been approved that MPHC will be entitled to a tax refund of QR 170 million pertaining to the financial year 2018. This will enhance MPHC’s overall financial position and profitability, which would lead to improved shareholder value.

Regional Markets indices ()

Name Last Change (%) Value
Abu Dhabi 9,263.96 0.1 1,225,966,878
Dubai 4,232.94 0.03 325,821,692
Saudi 12,565.89 0.33 10,538,287,961
Kuwait 8,081.99 0.1 59,404,228
Qatar 9,943.61 0.14 468,363,576
Muscat 4,673.13 0.8 3,299,061
Bahrain 2,055.96 0.6 880,206
Egypt 27,559.35 2.36 1,817,550,644
Amman 2,457.97 0.56 3,690,622
Palestine 542.99 0.03 312,031

Commodities

Name Last update Closing Price Change %
Brent Mar-28 87.23 1.32
Natural Gas Mar-28 1.75 2.22
Gold Mar-28 2,227.90 0.66
Silver Mar-28 24.76 0.03
Platinum Mar-28 920.00 1.19
Nymex Light Mar-28 82.37 1.34

Global Market Indices

Name Opening price Closing Price Change%
Dow Jones 39,763.70 39,738.59 0.05
Nasdaq 16,446.80 16,389.10 0.06
S&P 500 5,248.03 5,250.88 0.05
Name Opening price Closing Price Change%
Frankfurt 18,477.40 18,496.58 0.11
Paris 8,216.77 8,217.44 0.15
London 7,931.98 7,963.06 0.39
Stockholm 969.74 963.34 0.81
Switzerland 11,732.83 11,707.38 0.01
Name Opening price Closing Price Change%
Shanghai 2,988.59 3,010.66 0.59
Hong Kong 16,378.40 16,541.42 0.91
Jakarta 7,289.22 7,288.81 0.29
Tokyo 40,324.42 40,168.07 1.46

Currency

Name Rate Last update
EURO/USD 1.081 Mar-28
GBP/USD 1.264 Mar-28
USD/JPY 151.265 Mar-28
USD/CHF 0.902 Mar-28