Qatar: The QE Index ended 0.20% lower at 8,752.87 points Thursday. Earlier in the day Qatar failed to obtain a re-classification to 'emerging market' from 'frontier market' by index developer MSCI. A QE spokesman commented: "Although we would have been happy if the reclassification has been achieved, we remain confident that the Qatari Market will continue its drive towards success motivated by the strong economy of the State of Qatar and the favourable performance of the companies listed on the exchange", the spokesman said. "This year, QE is expected to be the best performing market in the region and one of the best dividend paying markets globally", he added. The country's largest lender Qatar National Bank (QNB) fell 0.93% to QR149.30. Next Sunday, December 18, the Qatar Exchange will remain closed as the Gulf state will mark its National Day. [AMEInfo.com]
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