The Qatar Stock Exchange (QSE) has amended the list of securities eligible for market making, liquidity provision, margin trading, and covered short‐selling activities; making more companies eligible.
This amendment – which aligns with the semi‐annual review of the QSE indices, based on the criteria established by the Qatar Financial Markets Authority – will be effective from October 2.
The constituents of 20-stock Qatar Index and Al Rayan Islamic Index would be eligible for margin trading and covered short-selling.
Stocks of companies with an annual turnover rate equal to or greater than 10%, and a quarterly turnover rate in their trades exceeding 80% of trading days in each quarter, have been made eligible through the amendments.
Tradable units of the exchange traded funds QE Index ETF (QETF) and the Al Rayan Qatar ETF (QATR) are also eligible for margin trading and covered short selling. Companies with at least one liquidity provider or market maker are also eligible.
"If any stock is excluded from the qualified list, brokers will have a three‐month period to close open positions of the relevant activities," a QSE communique said, adding all securities qualified for covered short selling are eligible for lending and borrowing activities.
The securities eligible for margin trading and covered short selling are Ooredoo, Qamco, Qatar Insurance, QATR, QETF, Qatar Electricity and Water, Qatar Islamic Bank, Woqod, Qatari German Medical Supplies, Nakilat, Qatar Islamic Insurance, QIIB, Qatari Investors Group, Qatar Industrial Manufacturing Company, QLM, QNB, Qatar National Cement, Milaha, Qatar Oman Investment, Salam International Investment, United Development Company, Vodafone Qatar, Widam Food and Zad Holding.
The list also includes Aamal Company, Al Khaleej Takaful, Baladna, Barwa, Commercial Bank, Dlala, Doha Bank, Dukhan Bank, Ezdan, Al Faleh Educational Holding, Gulf International Services, Gulf Warehousing, Estithmar Holding, Inma Holding, Industries Qatar, Masraf Al Rayan, Mannai Corporation, Medicare Group, Al Meera, Meeza, Mahhar Holding, Mekdam Holding, Mesaieed Petrochemical Holding, Mazaya Qatar and Alijarah Holding.
The bourse also said all companies listed on the main market and the venture market, and all ETFs listed on the QSE are eligible for both market maker and liquidity provider activities.