Qatari shares decline across the board
- Qatar: Tuesday, January 15 - 2013 at 16:30
The QE 20 Index fell 1.21% Tuesday and closed at 8,534.78 points amid bad input from Far Eastern (ex-Japan) and European markets. Market heavyweights Industries Qatar (off 1.54%) and Qatar National Bank (down 0.74%) weighed on the gauge in particular. Shares of Qatar Gas Transport Co. or Nakilat slipped 0.95% to QR15.70. Since July 2012, the share has been struggling with a resistance level at QR16. Earlier in the day, H. E. the Minister for Energy and Industry Dr. Mohammed Saleh Al Sada unveiled the name of the 140m steel barge Al Ghatroushah, the first project to be completed by Nakilat Damen Shipyards Qatar (NSDQ) and the first vessel of its kind constructed entirely in Qatar. Qatari dignitaries and top level management from the shipyard's owner Qatar Petroleum, NDSQ, Nakilat and a host of companies from Qatar's marine sector attended the event, which was held aboard the barge.
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