Qatar: The Doha-based QE Index added 5.41 points to reach 8,440.11, as the insurance and services segment weighed on the gauge. Shares of real estate leader United Development Company (UDC) fell 4.26% to hit QR24.70, amid profit booking. Last Thursday, UDC was the share of the day, after the developer of the man-made island Pearl Qatar revealed a net profit of QR3.7bn in 2011 versus QR597m in 2010. [AMEInfo.com]
↧