DOHA: The Qatar Exchange (QE) will review its existing index methodology applied to QE indices. In case the bourse decides to restructure the existing index, details will be published next month and the changes will be effective from January 1, 2015.
Ahead of the possible restructuring of existing index, QE’s Index Committee, comprising brokers, independent members and representatives of listed companies, will consult with all concerned market players. The committee, chaired by Saif Saeed Al Suwaidi, will review the methodology. A representative from Qatar Financial Markets Authority (QFMA) will attend the review meeting as an observer, QNB’s monthly commentary noted yesterday.
The review of existing index is part of boosting the market liquidity. Ahead of the review, Qatar bourse will kickstart its first round of discussions with the market participants today.
QE CEO Rashid bin Ali Al Mansoori recently said that the value of each share traded on the local bourse will be reduced to 1/10 of the current value in order to increase the volume of shares.
The Peninsula
DOHA: Reversing the down trend, Qatar bourse’s benchmark index edged up 0.46 percent yesterday. Gaining 62 points, the index settled at 13,478. The entire sectoral indices entered green zone. Market capitalisation increased to QR 726bn from the previous session’s QR 723bn. Ooredoo, Qatar Electricity and Ezdan were the top gainers.
The Peninsula
