Saudi Gazette - Qatar to double number of listed companies in 5 years

Saudi Gazette - Qatar to double number of listed companies in 5 years:

"The new capital market regulations including plans to launch a second market on the Qatar Exchange could double the number of listed companies in the next five years, MEED Qatar Banking Summit learned.

The Qatar Exchange (QE) has 42 listed companies. Its aggregate market capitalization as of Sept. 10 was $144 billion. In June, the MSCI upgraded Qatar from frontier market to emerging market status. Qatar is due to be included in the MSCI emerging market index in May 2014.

Director of Legal Affairs and Enforcement at Qatar Financial Markets Authority (QFMA) Dr. Zain Al Abdin Sharar told the MEED Qatar Banking Summit that the forecast of a sharp increase in the number of listed firms and the volume of trade on the QE will reflect the impact of a wide-ranging program of capital market reform. He said important further changes will soon be implemented."

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