Commercial Bank and Ooredoo have migrated to large cap segment from the midcap slot in the MSCI Qatar Index, to be effective from November 30, 2022.
Moreover, Mannai Corporation and Estithmar Holding have found place within MSCI Qatar Small Cap Index, said the leading provider of critical decision support tools and services for the global investment community.
The MSCI Qatar Index is designed to measure the performance of the large and mid-cap segments of the Qatari market. With 12 constituents, the index covers approximately 85% of the free float-adjusted market capitalisation in Qatar.
Year-to-date (as on October 31, 2022) MSCI Qatar has been the best performer as it reported net returns of 7.97% compared to -29.42% in MSCI emerging markets and -21.14% in MSCI ACWI.
The index, which was launched on January 23, 2006, is based on the MSCI Global Investable Market Indexes (GIMI) methodology; a comprehensive and consistent approach to index construction that allows for meaningful global views and cross regional comparisons across all market capitalisation size, sector and style segments and combinations.
This methodology aims to provide exhaustive coverage of the relevant investment opportunity set with a strong emphasis on index liquidity, investability and replicability.
The index is reviewed quarterly — in February, May, August and November — to reflect change in the underlying equity markets in a timely manner, while limiting undue index turnover. During the May and November semi-annual index reviews, the index is rebalanced and the large and mid-capitalisation cutoff points are recalculated.
The financial sector has the maximum weight of 70.69% in the MSCI Qatar Index, followed by industrials (9.22%), energy (7.55%), materials (3.86%), utilities (3.15%), communication services (3.03%) and real estate (2.51%) at the end of October 2022.
Among the top constituents in the MSCI Qatar Index are QNB, Qatar Islamic Bank, Industries Qatar, Masraf Al Rayan, Commercial Bank, Nakilat, Mesaieed Petrochemical Holding, Woqod, QIIB and Qatar Electricity and Water.
Year-to-date (as on October 31, 2022) MSCI Qatar has been the best performer as it reported net returns of 7.97% compared to -29.42% in MSCI emerging markets and -21.14% in MSCI ACWI
