Barwa Real Estate Company will replace Vodafone Qatar in the Qatar Stock Exchange's main barometer, effective from June 1.
The other constituents of the 20-stock QE index will remain QNB, Qatar Islamic Bank (QIB), Industries Qatar (IQ), Nakilat, Commercial Bank, AlRayan Bank, Ooredoo, QIIB, Dukhan Bank, Milaha, Woqod, Nebras Energy (formerly Qatar Electricity and Water or QEWC), Doha Bank, Mesaieed Petrochemical Holding (MPHC), Baladna, Gulf International Services, Qamco, Estithmar Holding and Ezdan.
Under the new index practices, a review is carried out twice a year to ensure that the selection and weighting of the constituents continues to reflect the purpose of the index.
"It (index reconstitution) is a mechanism that keeps stock market indices updated, representative, and aligned with current market conditions," market sources said, adding it also has important market implications as stocks added often experience increased demand.
The QSE had on Thursday reconstituted the index committee, reflecting the continued commitment to strengthening the governance, transparency and institutional oversight of its market indices.
The reconstitution, which is pursuant to Resolution No 11 of the QSE board of directors’ first meeting of 2026, comes as part of the ongoing enhancement of the index governance framework to develop market infrastructure, improve investor access to market information, and support the continued growth and competitiveness of Qatar’s capital market.
The Al Rayan Islamic Index components remain the same as Aamal Company, Meeza QSTP, IQ, QIB, AlRayan Bank, Ooredoo, Dukhan Bank, Woqod, United Development Company, MPHC, Barwa, Vodafone Qatar, Milaha, Nebras Energy, QIIB, Qamco, Estithmar Holding, Medicare Group, Al Meera, Ezdan, Baladna, Qatar National Cement and Qatar Islamic Insurance.
Similarly, there will be no change in the QE All Share Index.
All listed companies are ranked by giving free float market capitalisation with a 50% weight and average daily value traded also 50% weight.
Companies with velocity less than 5% are excluded from the review, as are entities whereby a single shareholder can only own less than 1% of outstanding shares.
Any qualifying component exceeding 15% weight in the index as of market close March 28, 2023 will have its weight capped at the 15% level and excess weight allocated to remaining stocks proportionately.
The index free-float for a stock is total outstanding shares minus shares directly owned by government and its affiliates, those held by founders and board members and shareholdings above 10% or greater of the total outstanding (except those held by those held by pension funds in the country).
The bourse has seven sectors – banks and financial services (with 13 constituents), insurance (seven), industrials (10), real estate (four), telecom (two), transportation (three) and consumer goods and services (15) in the ‘All Share Index’.
