Friday 15 July 2011

Gulf Times – Qatar Exchange plans to launch bond market soon

Qatar’s stock exchange may launch bond trading as early as the fourth quarter this year, a move that would boost liquidity and deepen nascent capital markets, a senior bourse official said yesterday.

“We hope that things will accelerate after Ramadan and that we can start trading bonds in 4Q this year,” Olivier Gueris, the Qatar Exchange’s chief operating officer, told Zawya Dow Jones in an interview.

The exchange, 20% owned by NYSE Euronext, is introducing measures aimed at modernising the market, as it awaits a decision due in December from influential index compiler MSCI over whether it has been upgraded from frontier to emerging market status.

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