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Qatari banks defy Italian debt shockwaves

Qatar: While financial shares in Dubai posted heavy losses on Monday due to new worries over an extended Euro debt crisis triggered by speculations over a "Greece-style" sovereign debt case in Italy, banking stocks in Doha stood firm and lifted the QE Index 0.10% higher to 8,496.87 points. Commercial Bank of Qatar outperformed (up 0.68% at QR73.50), while the country's largest lender Qatar National Bank gained slightly (0.14% higher at QR142.70). [AMEInfo.com]
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