Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Qatari stock market to see more initiatives: CEO  Join our daily free Newsletter

MENAFN - The Peninsula - 05/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Qatar stock market will see more initiatives in near future to boost the confidence of investors, said Rashid bin Ali Al Mansoori, CEO of Qatar Stock Exchange speaking in a panel discussion held during the Annual Conference of the Arab Federation of Exchanges (AFE), held yesterday in Dubai.

Speaking about the implications of the upgrade of the Qatari market status and inclusion in the MSCI Emerging Markets index, Al Mansoori said the reclassification process highlighted a number of issues that had been addressed by the exchange and other competent authorities in order to raise the efficiency of the market.

"I would like to thank all of the investment community, including MSCI, for the issues they highlighted a number of issues during the reclassification exercise. While upgrade brings immediate benefits of increased liquidity, market depth and institutional investor participation, we have really achieved improvements in the operational efficiency of our markets," said Al Mansoori. "The road does not end here. We have a long way to go. With this in mind, we have identified a number of other areas that will allow us to capitalise on the emerging market classification. Initiatives like expansion of securities lending and borrowing, margin trading, omnibus accounts, risk management and the introduction of a CCP will add further confidence to the robustness of the market infrastructure," he added.

The participation of Al Mansoori was to talk about the upgrade to emerging market status by both MSCI and S&P and the implications of that upgrade.

He also touched up on the lessons learned and the underlying implications resulting from the upgrade such as the increase in market liquidity and other advantages that could be leveraged, such as in the development of investor relations and the promotion of the principles of corporate governance. Al Mansoori said the key criteria of the MSCI upgrade was the operational efficiency of the market measured against both qualitative and quantitative MSCI standards, especially the degree of openness of the market to the international investment community and an established and well tested operational framework in line with international best practices.

"The upgrade of the Qatari market clearly and evidently reflected the recognition of the positive steps made by Qatar Stock Exchange over the past few years to meet the requirements of MSCI, in terms of the development of the market infrastructure and the implementation of a number of important projects and initiatives, which were welcomed by international financial and investment institutions," Al Mansoori added.

 






  MENA News Headlines
 Jul 29 2014 - New additions to Local Harvest brand of datesKhaleej Times
(MENAFN - Khaleej Times) E dates come from farmers who have contracts with ADFSC and therefore practise date palm farming according to the centres standards.For the next three weeks the Abu Dhabi ...

 Jul 29 2014 - PayTabs to launch online solutions in Bahrain, SaudiMENAFN
(MENAFN) PayTabs, a payment processing solution company co-owned by Saudi Aramco, is set to launch its online payment processing solutions in Bahrain and Saudi Arabia, Gulf Daily News reported.The ...

 Jul 29 2014 - Mobily signs LTE-4G roaming deal with BatelcoMENAFN
(MENAFN) Mobily telecom has signed an LTE-4G roaming deal with Bahrini Batelco to provide customers with advanced Internet services, Arab News reported.This agreement coincides with Eid Al-Fitr ...

 Jul 29 2014 - Radiant During RamadanMuscat Daily
(MENAFN - Muscat Daily) Keep your skin and hair glowing and shiny even as you're fasting in this holy month. Some tips... Moisturise Your skin too gets dehydrated when you fast. It is ...

 Jul 29 2014 - Duqm Airport takes offMuscat Daily
(MENAFN - Muscat Daily) The newly opened Duqm Airport received its first Oman Air flight ahead of schedule on Wednesday with officials saying that the facility will serve as an air transport and ...

 Jul 29 2014 - Air fares rise by 35 as travellers rush to make the most of long breakMuscat Daily
(MENAFN - Muscat Daily) Fares of most airlines have gone up due to the increase in demand during Eid al Fitr holidays. The prices of tickets to different destinations have gone up by nearly 35 per ...

 Jul 29 2014 - MoHC invites bid for construction of $250mn Oman Cultural ComplexMuscat Daily
(MENAFN - Muscat Daily) After announcing the appointment of the UK-based international consultancy and construction company, Mace as project manager for the Oman Cultural Complex (OCC), the Ministry ...

 Jul 29 2014 - Moon sighting expected on Monday eveningMuscat Daily
(MENAFN - Muscat Daily) The crescent of the new moon is expected to be visible on Monday evening across all governorates in the sultanate, marking the beginning of the month of Shawwal, according to ...

 Jul 29 2014 - Pakistan's film industry becomes alive againArab News
(MENAFN - Arab News) HORE: A breed of brand new independent filmmakers is successfully filling the void left by an obsolete industry known as Lollywood.In many ways 2013 was an era-defining year for ...

 Jul 29 2014 - Pak-British singer faces death threats over Gaza supportArab News
(MENAFN - Arab News) NDON: Zayn Malik probably wasn't expecting the barrage of abuse he received from followers after he pledged his support for the #FreePalestine social media campaign The ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help