Qatar bourse trading activity returns to sluggish mode

- (AMEInfo | Finance and Economy) - 3 months, 2 weeks ago...

 The Doha-based QE 20 Index fell one per cent to 8,867.38 points Tuesday, as some 5.1m shares were traded valued at QR220.5bn. Shares of Qatar Islamic Bank or QIB ended even. Earlier in the day, QIB said it expanded its retail banking network by opening a new branch at the City Centre mall in Doha’s West Bay area. QIB’s Acting Assistant General Manager of Personal Banking, Hassan Sultan Al Jafali, commented, “The bank is implementing a geographical expansion strategy in order to reach its clients in pivotal areas in Qatar, and to provide excellent banking and financing services that are Shari’a-compliant. “Part of QIB’s five-year strategy from 2008 to 2012 is to expand its network to 35 branches. The new City Centre outlet takes the bank’s total to 31, so as a consequence it is hoped that four further branches will open during the course of 2012. All QIB branches are designed according to a modern and developed vision, to provide safe and fast banking services that meet â€...