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Qatari bank shares get a boost from Cairo market comeback

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Qatar: The QE 20 Index added 0.38%, finishing at 9,473.57 points on Wednesday. Qatar National Bank (QNB), Commercial Bank of Qatar and Al Khalij Commercial Bank gained 1.75%, 0.28% and 0.30%, respectively. The sentiment on financials was boosted by the Egyptian Stock Exchange which hit a 1-month high after interim president Adly Mansour presented his new cabinet yesterday. Most appointed ministers are non-ideologists and technocrats. QNB bought a controlling stake of 77 in SocGen's Egypt business for $1.97bn. The deal was announced in Dec. 2012 and closed in March this year. [AMEInfo.com]

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