The QE 20 Index surged by 0.84 per cent to reach 12,990.40 points on Monday, July 14.
Masraf Al Rayan fell by 0.20 per cent to close at QAR54.50. Earlier in the day, Rayan revealed that it has entered into an agreement to sell its equity stake in Seef Lusail Real Estate Development Company. Seef Lusail Real Estate Development Company WLL was owned equally by Masraf Al Rayan and Qatari Diar Infrastructure Company.
In line with the agreement between the parties, Masraf Al Rayan has sold its 50 per cent equity stake in Seef Lusail to Qatari Diar Infrastructure Company (49 per cent) and Qatari Diar Real Estate Investment Company (1 per cent).
Monday, July 14- 2014 @ 18:53 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.