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Doha-listed shares gain across the board
- Qatar: Wednesday, May 08 - 2013 at 16:16
A volatile QE 20 Index added 0.14% to 8,858.29 Wednesday. Qatar National Bank or QNB closed up 1.05%, finishing at QR144. "Qatar's banking sector exhibited tremendous growth reflecting a booming economy and rising financing needs for public sector projects," said Dr. Giyas Gokkent, chief economist and head of resear at National Ban of Abu Dhabi. Gokkent added that "Banking sector assets reached $233bn in Q1, an increase of 21% year-on-year." Shares of market heavyweight Industries Qatar fell by QR0.30 to QR168.
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Gérard Al-Fil, Financial JournalistWednesday, May 08 - 2013 at 16:16 UAE local time (GMT+4)
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