NYSE Euronext, the transatlantic exchange, reduced its ownership in Qatar stock exchange by selling an eight percent stake to the Gulf state's sovereign wealth fund, the Qatar bourse said in a statement on Tuesday. Qatar Holding, the investment arm of the Gulf Arab state's sovereign wealth fund, now owns an 88-percent stake in the Doha-based bourse, with NYSE Euronext holding the remaining 12-percent stake, the statement said, without giving any financial details.
NYSE Euronext is a global operator of financial markets and provider of trading solutions. Shares of NYX remained unchanged at $23.21. In the past year, the shares have traded as low as $22.25 and as high as $31.25. On average, 2596370 shares of NYX exchange hands on a given day and today's volume is recorded at 0.
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