Qatar market gains in a lacklustre session

20 June 2010

The QE Index gained 0.59%, closing at 7.049.40 points. Trading volumes fell by 40%, with some 4.7m shares changing hands in Doha. Qatar Islamic Bank (QIB), the number four in the gas-rich Gulf state, added 0.13% and finished at QR73.40. QIB announced today in a statement the investment of QR1.25bn in an Islamic Lease Sukuk (Ijarah Sukuk) issued by Qatar Central Bank on behalf of the government of Qatar. The investment is governed by an 8-year lease-contract that began on June 1st, 2010 and runs until June 1st, 2018.

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