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Qatar exchange rebounds strongly as government eases GCC tensions

: Thursday, March 06 - 2014 @ 16:17

The QE 20 Index jumped by 2.30 per cent to 11,607.03 points on Thursday, March 6. Earlier in the day, the Qatari government said in response to the three Gulf states’ – the UAE, Saudi Arabia and Bahrain – decision to call back their ambassadors to Doha, that it will not retaliate by withdrawing its ambassadors from Abu Dhabi, Riyadh and Manama, but pointed out that the move had nothing to do with security issues but with developments outside the GCC region. Qatar Fuel Company, also known as WOQOD, added 0.62 per cent to QAR258.50.  Earlier in the day, WOQOD announced the resolutions of ordinary general assembly meeting held Tuesday March 4, 2014. One of the resolutions was the approval of the proposal of the board of directors to distribute 100 per cent of nominal share value as cash dividend and distribution of three bonus shares for every ten shares of WOQOD (30 per cent) for the year ended December 31, 2013, and authorise WOQOD Management to sell fractions of shares and transfer the proceeds to legal reserve, as a result the capital of WOQOD becomes QAR844.6 million divided into 84,459,375 shares.

Gérard Al-Fil

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Thursday, March 6- 2014 @ 16:17 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.

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