Qatar: Stock Exchange Amends Eligible Securities List

Qatar News developments

Qatar: Stock Exchange Amends Eligible Securities List

Gulf Times, 2 October 2023: Qatar’s Stock Exchange has announced it has amended the eligible securities list. The list states who can carry out market making, liquidity provision, margin trading, and covered short‐selling activities.

The Exchange has added more companies to the list. The new list will come into force on 2 October.

The constituents of the 20-stock Qatar Index and Al Rayan Islamic Index will 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, are also now eligible.

In addition, tradable units of the exchange-traded funds QE Index ETF and the Al Rayan Qatar ETF are eligible for margin trading and cover short-selling. Companies with at least one liquidity provider or market maker are eligible as well.

The securities are 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.

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 are also eligible.

In addition, all companies listed on the main market and the venture market, and all exchange-traded funds listed on the Exchange are eligible for market maker and liquidity provider activities.

Finally, all securities qualified for covered short-selling are eligible for lending and borrowing activities, and brokers of any stocks excluded from the qualified list will have three months to close open positions of the relevant activities.

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Tanya Jain