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Qatar Exchange trading turnover nears meltdown

The Doha-based QE Index closed down 0.35% at 8,606.81 points as only 3.77m shares valued at QR139.23m changed hands. Qatar National Bank, known as QNB, declined 0.83% to close at QR143.80. Earlier in the day, the country's largest bank said it acted within a syndicate of banks the role of a mandated lead arranger of the credit facility to the Gulf Drilling International Limited amounted to $430m (QR1.57bn). QNB was also the facility agent and security agent, the statement says.