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Qatar Exchange ends three-day long losing streak

The QE 20 Index advanced a quarter percentage point. Banks were strong in particular. Doha Bank surged 0.90% to reach QR57. Qatar Telecom or Qtel dipped 0.34% to hit QR116.30. Earlier in the day Qtel announced the dates for its recently announced rights issue. The offer to eligible shareholders close on May 24 and the terms and conditions can be seen on the firm's website.