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Qatar Telecom gains on Watanyia listing approval

The QE Index closed insignificantly lower at 8,214.35 points. Shares of telecom provider Qatar Telecom, also called Qtel, added 0.27%, closing at QR149.50. Earlier in the day, Qtel announced that at the Annual General Meeting ("AGM") of its Kuwait listed subsidiary Wataniya Telecom (National Mobile Telecommunications Company K.S.C. or "Wataniya"), approval was granted to list Wataniya Telecom's shares on the Qatar Exchange or any other foreign market, should the listing be in the best interest of the Company.