Qatar: The QE 20 Index advanced half a percent to reach 8,746.98 points. Market heavyweight Industries Qatar gained 1.44%. Qatar Insurance soared two percent. United Development Company, the real estate firm behind man-made Pearl Qatar, closed unchanged. Earlier in the day, UDC announced the Annual General Assembly has approved the distribution of 64.35k shares as bonus shares at the rate of four shares for each ten shares (40 percent of the capital), resulting in an increase of UDC's capital of QR2.25bn. [AMEInfo.com]
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