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Despite MSCI-upgrade rumors, Qatari investors book profits

In Doha, the QE index declined by 0.79% to 8,319.65 points, ending a series of daily gains this week on rumors the QE could be upgraded to 'emerging market' from 'frontier market' by index provider MSCI. Property heavyweight Barwa Real Estate dipped 1.98% to QR29.70. Qatar National Bank bucked the trend, closing 0.14% higher at QR139.80.