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HSBC raises Qatar National Bank to ‘overweight’

HSBC has said the lending momentum of Qatar National Bank (QNB) is to remain positive as preference by the government will help the regional lender gain market share in public sector financing, and upgraded the bank to 'Overweight' from 'Neutral,' Reuters has reported. The brokerage said it expects Qatar's largest lender by market value to increase its market share to 51% in 2013 from 49% in 2011.