BUZZ-Industries Qatar rises, off high as Q2 earnings top estimates

Aug 4 (Reuters) - ** Shares in Industries Qatar climb 2.5 percent to 105.10 riyals, but comes well off initial high of 106.80 riyals ** The petrochemicals and metals producer reported net profit of 1.27 billion riyals ($348.8 million) in three months to June 30, down from 1.47 billion riyals a year ago ** Average forecast of three analysts polled by Reuters was 799.9 million riyals ** Qatar's main stock index rises 0.2 percent (Reporting by Celine Aswad; Editing by Andrew Torchia)