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Qatar’s Aamal shares surge on contract gain for subsidiary

The Qatar Exchange Index in Doha dipped 0.15%, closing at 8,190.74 points. Aamal Company, which was founded ten years ago, gained 1.74% and closed at QR17.00. Earlier in the day, Aamal announced that its subsidiary Doha Cables, has been awarded a two year contract by Qatar General Electricity & Water Corporation to supply low voltage and medium voltage power cables. The contract is valued at QR1.8bn, according to the firm's statement on the QE website.