Qatar: The Doha-based QE 20 Index fell 0.25% Monday, ending at 8,756.64 points. Year-to-date the gauge is also with minus 0.25% in the red. No lender, expect International Islamic Ban added valued. According to the GCC Quarterly, published today by Dubai-based bank Emirates NBD, bank deposits in Qatar declined 1.6% month-on-month in February, but were still 5.4% higher than February 2011. "The main driver appears to have been a 6.7% m-o-m decline in public sector deposits, as private sector deposits rose 0.9% m-o-m in February," the report said. Qatar National Bank dipped 0.44%, while Al Ahli Bank fell 1.44%. Vodafone Qatar soared 6.77%, ending as a top gainer. [AMEInfo.com]
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