Profit booking weighs on Qatari blue chips
The QE 20 Index in Doha fell by 0.16 per cent to 11,836.83 points on Wednesday, February 26. Qatar National Bank, the biggest lender in the GCC region by market capitalisation, lost 1.53 per cent, falling to QAR193.30. Industries Qatar lost 0.56 per cent to QAR197. United Development Company, the property firm behind the man-made peninsula The Pearl Qatar, posted the biggest drop, ending down by 4.24 per cent at QAR21.90. Genera Insurance advanced by 4.67 per cent at QAR49.30.