Doha shares bucked the sluggish trend in the GCC on Thursday, September 4, and closed 1.07 per cent higher at 13,985.98 points.
Qatar National Bank, the biggest lender in the GCC in relation to assets, consolidated above QAR200, closing 2.60 per cent higher at QAR209.80.
After the market closed, QNB said it bought a 12.5 per cent stake (both ordinary and convertible preference shares) in Ecobank Transnational Incorporated in Togo. “This strategic partnership with a leading pan-African bank is a fundamental step towards QNB’s strategy of being a MEA Icon by 2017,” said QNB.
Ecobank Transnational Incorporated (Ecobank) was set up in 1985 in Lomé, Togo, where it is headquartered. Ecobank is the leading pan-African bank with a presence in 36 countries across the African continent and in four other countries across the globe.
National Cement Company loses 2.23 per cent to QAR140.30.
Thursday, September 4- 2014 @ 17:14 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.