Qatar: The Qatar Exchange 20 index fell 0.18% to 8,331.14 Thursday as the banking index was the sole segment which added value. Qatar National Bank or QNB, with 19.90% the QE's heaviest share in relation to market capitalisation, gained 0.92% to hit QR131.40. QNB said Wednesday it entered into a definitve agreement with French lender Société Générale to acquire its entire stake of 77.17% in National Société Générale Bank (NSGB) - Egypt, the second largest private bank in the North African state. NSGB has a network of 160 branches across the country and total assets of EGP63.3 billion as of Sept. 30. (c.US$10.4 billion). The offer for 100% of the share capital of NSGB amounts to $2.558bn, QNB said in a statement to the bourse. The agreement is subject to regulatory approval. Qatar Telecom or Qtel slipped 1.37% to QR100.50. The country's first telecom provider attracted strong demand for a $1bn corporate bond with 10 years maturity. Order books already reached $11bn, The Peninsula reported. [AMEInfo.com]
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