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Qatar 20 Index surges as trading volumes rise 3-fold

Like the other GCC market measures, the Doha-based Qatar Exchange ended Tuesday on a high note on justified hopes the Syrian crisis might be resolved diplomatically. The QE 20 index closed 4.90% higher at 8,596.26 points as shares gained across the board. The Gulf state's biggest lender Qatar National Bank jumped 6.14% to reach QR169.40. Real estate firm UDC, the developer of the man-made island Pearl Qatar, gained the most, finishing up 9.33% at QR21.57. Not a single stock lost value as 19.6m shares worth QR691m changed hands.