Three companies – Baladna, Doha Insurance and Qatar Industrial Manufacturing – have found their place in the global emerging market indices (Middle East and Africa) of FTSE Russell, a global index tracker.
They have been included within the microcap segment, the announcement of which came after the semi-annual index review of global equity indices.
The global index compiler of the London Stock Exchange group also reclassified Woqod and Qatar Electricity and Water Company to midcap from the large segment.
The inclusion and revision will be effective on September 16 (after the close).
"Any subsequent changes will generally only be considered in exceptional circumstances, in accordance with the FTSE Russell recalculation policy and guidelines," the compiler said.
The periodic index reviews, including companies’ reclassifications, additions and deletions, carried out by international index providers are among the main factors influencing the investment appetite of international investors and portfolio managers.
The QSE is seen actively pursuing a strategy to lure overseas investments as part of further diversifying its investor base, having put in place the required legislation, including a higher up to 100% foreign ownership limit (FOL).
Recently, Qatari cabinet approved a proposal to allow up to 100% FOL in four major banks – QNB, Qatar Islamic Bank, Commercial Bank and Masraf Al Rayan. The proposal has to be discussed among the shareholders by convening an extraordinary general assembly meeting.
The bourse had said it has become a focus of interest for many foreign investment portfolios from the US, Europe and Asia, and therefore has readied its infrastructure and technical to admit new companies and instruments.
At present, the QSE has 48 listed companies with 13 in the banks and financial services sector, 10 in the consumer goods and services, 10 in the industrials, six in the insurance, four in the real estate, two in the telecom and three in the transport sector. The total market capitalisation, as of yesterday, stood at more than QR639bn.
The FTSE Russell is a leading provider of research-based indexes and analytics. Its indices cover several stocks worldwide and are often used as benchmarks by the international investment community to measure portfolio performances.
The companies’ inclusion and reclassification in the global indices are subject to various criteria, the most important of which are the size of the company's investable capital and market capitalisation, liquidity and turnover rates.
As a result of the periodic review process, the reclassified, added or deleted companies usually witness significant activity on their shares.
They have been included within the microcap segment, the announcement of which came after the semi-annual index review of global equity indices.
The global index compiler of the London Stock Exchange group also reclassified Woqod and Qatar Electricity and Water Company to midcap from the large segment.
The inclusion and revision will be effective on September 16 (after the close).
"Any subsequent changes will generally only be considered in exceptional circumstances, in accordance with the FTSE Russell recalculation policy and guidelines," the compiler said.
The periodic index reviews, including companies’ reclassifications, additions and deletions, carried out by international index providers are among the main factors influencing the investment appetite of international investors and portfolio managers.
The QSE is seen actively pursuing a strategy to lure overseas investments as part of further diversifying its investor base, having put in place the required legislation, including a higher up to 100% foreign ownership limit (FOL).
Recently, Qatari cabinet approved a proposal to allow up to 100% FOL in four major banks – QNB, Qatar Islamic Bank, Commercial Bank and Masraf Al Rayan. The proposal has to be discussed among the shareholders by convening an extraordinary general assembly meeting.
The bourse had said it has become a focus of interest for many foreign investment portfolios from the US, Europe and Asia, and therefore has readied its infrastructure and technical to admit new companies and instruments.
At present, the QSE has 48 listed companies with 13 in the banks and financial services sector, 10 in the consumer goods and services, 10 in the industrials, six in the insurance, four in the real estate, two in the telecom and three in the transport sector. The total market capitalisation, as of yesterday, stood at more than QR639bn.
The FTSE Russell is a leading provider of research-based indexes and analytics. Its indices cover several stocks worldwide and are often used as benchmarks by the international investment community to measure portfolio performances.
The companies’ inclusion and reclassification in the global indices are subject to various criteria, the most important of which are the size of the company's investable capital and market capitalisation, liquidity and turnover rates.
As a result of the periodic review process, the reclassified, added or deleted companies usually witness significant activity on their shares.