Qatar: The QE 20 Index added 0.05% Sunday to reach 8,335. 48. Market heavyweight Industries Qatar (up 0.33%) and Commercial Bank of Qatar, the country's second lender, helped the gauge to stay afloat. Shares of real estate firm United Development Company or UDC, the builder of the man-made The Pearl Qatar island north of Doha, declined by 0.24% to QR16.85. On Dec. 13, UDC said it decided to dissolve the branch of Pragmatech For Technology established in Lebanon. Pragmatech is a wholly owned subsidiary of UDC. Incorporated in 2009, it provides information technology services and products in the MENA region. The Qatar Exchange will be closed on Tuesday, Dec. 18, on the occasion of Qatar's National Day. The bourse will resume trading Wednesday, Dec. 19. [AMEInfo.com]
↧