Qatar: For the second day in a row, the QE 20 Index closed unchanged at 8,725.03 points. Qatar Telecom added half a percentage point to close at QR112.50. Earlier in the day, the telecom firm's subsidiary Asiacell announced the successful completion of its share offer. The offering raised IQD1,485.1 billion ($1.27bn), representing 25% of its share capital. The company also announced the admission of its Shares to the Official List of Securities maintained by the Iraq Securities Commission and to trading on the Iraq Stock Exchange, under the ticker "TASC". Following the IPO, 25% of the shares will be in free float with Qtel now consolidating 64.06% of Asiacell, including an existing stake of 49% held through a wholly owned Iraqi subsidiary. [AMEInfo.com]
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