Can the Qatar Exchange retain its tiny year-to-date gain?

The Doha-based QE Index declined 0.39% to 8,763.78 points. With today’s drop, the QE’s year-to-date advance shrinks to 0.95%. Qatar National Bank or QNB advanced 0.20% to reach QR151.30. Qatar Islamic Bank or QIB fell 0.71% to QR84.00. Qatar International Islamic Bank or QIIB slipped 0.18%, ending at QR55. Earlier in the day QIIB announced the following: “HE Dr. Khalid bin Thani Al Thani, Chairman of Qatar International Islamic Bank (…) met with Morocco’s new Prime Minister Mr. Abdelilah Benkirane in his office on Saturday, where HE raised the idea of establishing an Islamic bank and an Islamic insurance company in Morocco as a pioneering experience that will benefit Moroccan citizens who will own 51% of the bank shares against 49% for Qataris.”