Industries, banks drag Qatar bourse down

27 September 2010

Industries, banks drag Qatar bourse down The QE Index ended 0.73% lower at 7,630.50. Shares of Doha Bank failed to climb over a seven-month high and dipped 0.19% to close at QR52.90. Qatar as one of the biggest gas exporting countries becomes increasingly attractive for foreign banks. Barclays PLC and Barclays Bank PLC (“Barclays”) held a three-day meeting in Doha, Qatar this week. Marcus Agius, Barclays Chairman, said: “We are delighted to have been able to hold this Barclays Board meeting in Doha. The decision to do so reflects the significance of Qatar and the wider Middle East and North Africa region to Barclays and the continued importance of the relationships it has within it…” Insurers bucked the trend, e. g. Qatar Insurance surged 0.35% to close at QR85.30.

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