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Qatar's local stock market, which gained 24.75% in 2010, continued to advance on the first trading day of the new year. The QE Index closed 0.68% higher at 8,741.50 points. Qatar Insurance hit a two-year high, surging 3.23% to reach QR86.20. Trading volumes remained relatively low as some 6.5m securities worth QR275.2m changed hands in Doha.