Doha-Mubasher: Qatar Islamic Bank (QIB) continued to decline for the second straight session on Tuesday, shrugging off its recent participation in a new syndicated finance facility.

The stock declined 1.03% or QAR 1.10 to reach the price level of QAR 105.50 after trading 545 shares executed through five transactions, at a turnover of QAR 57,600.

QIB participated with $50 million (AED 183.5 millions) in a sharia-compliant syndicated finance facility worth $325 million for Stanford Asia Holding Company, a subsidiary of Stanford Marine Group (SMG), according to an earlier bourse statement.