Shares of Commercial Bank down almost 2 pct, after it said ended talks with UAE-based Tabarak Investment to buy its 40 percent stake in United Arab Bank. UAD shares barely moved.
Talks to sell the stake, worth $308 mln, had been going on for months, but a Tabarak spokesman said the two parties did not agree on final terms.
It is unclear if Commercial Bank is talking to other potential buyers.
Commercial Bank announced the stake sale plan few months after Qatar got embroiled in a diplomatic and commercial row with UAE, Saudi Arabia, Bahrain and Egypt in June 2017.
Qatar index down 0.7 pct in early trade.
(Reporting by Saeed Azhar and Stanley) ((Saeed.Azhar@thomsonreuters.com; +971 44536787; Reuters Messaging: saeed.azhar.reuters.com@reuters.net))
