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Bank shares fall back on volatile Qatar Exchange

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Qatar: The QE 20 Index finished flat at 9,239.22 points on Sunday. The GCC biggest lender Qatar National Bank (QNB) lost the most among the finanicals, ending down 2.54% at QR145.60. Qatar Islamic Bank (QIB) slipped 0.58% to QR68.50. Earlier in the day, QIB said it launched its latest Premium Takaful product, Family Shield Platinum, "which is exclusively available to QIB's (priority banking) Tamayuz customers and underwritten by Damaan Islamic Insurance." QIB added "Family Shield Platinum is a family Takaful policy available to nationals and expats that is uniquely tailored to provide financial security for the family during an unforeseen event, such as a Critical illness, Permanent Total Disability, or the misfortune of an early demise." Shares of Qatar Navigation gained the most (up 4.66% at QR76.40), while telecom giant Ooredoo finished 2.14% higher at QR124.30. [AMEInfo.com]

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