Banks, insurers lift Qatar Exchange
- Qatar: Wednesday, September 12 - 2012 at 16:25
The QE 20 Index advanced 1.13% to reach 8,570.56 points Wednesday as market heavyweight Industries Qatar (three percent higher) and Qatar National Bank (up 1.20%) led the buying spree. Doha Insuracen ended as a top gainer (four percent higher). Al Meera Consumer Goods Company slipped 0.20% to QR165.20. Earlier in the day, Al Meera said it will rebrand four Giant stores it bought from Al Oumara Baking Co. in 2011 into Al Meera Supermarkets. In addition, Qatar Telecom or Qtel said its customers from now on access mobile products and services closer to home, as the company is opening kiosks in all branches of the Al Meera Supermarket, thanks to a new agreement. Qtel shares advanced by 0.40%.
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