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.

 


The Peninsula




  MENA News Headlines
 Oct 24 2014 - Qatar- Aljazeera to mark 300 days since arrests of journalistsThe Peninsula
(MENAFN - The Peninsula)   Aljazeera will be airing a special 300 second montage live on TV and online today to mark the 300 days since the arrest of its journalists Baher Mohamed, Mohamed Fahmy and ...

 Oct 24 2014 - Qatari, Iranian firms sign agreementThe Peninsula
(MENAFN - The Peninsula)  Qatar's Minister of Economy and Trade H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani yesterday visited the Islamic Republic of Iran, accompanied by a delegation that ...

 Oct 24 2014 - Ecuador invites Qatari investors in key sectorsThe Peninsula
(MENAFN - The Peninsula)  The visiting President of the Republic of Ecuador, Rafael Correa Delgado, invited Qatari businessmen to invest in some of the promising sectors of the Ecuadorean economy, ...

 Oct 24 2014 - Qatar- Interior Ministry signs deal worth QR329m at MilipolThe Peninsula
(MENAFN - The Peninsula)  The total number of people who visited the recently concluded Milipol Qatar exhibition reached 6,583 persons from 63 countries, according to a press statement.Brig Nasser ...

 Oct 24 2014 - Saudi- Rem Sibug leads winners in InterCon Monthly MedalArab News
(MENAFN - Arab News) Talented Filipino young golfer Christer Rem Sibug was back in winning mode after a vacation in his native Philippines when he claimed the centerpiece A-Division title last Friday ...

 Oct 24 2014 - Saudi- Lifebuoy bowlers strike double in Mobily CupArab News
(MENAFN - Arab News) Lifebuoy bowling team made an impressive start to the Thursday League 12th Conference for Mobily Cup winning a Team of the Week and Bowler of the Week double at the Bowling City ...

 Oct 24 2014 - Saudi- Alaska Aces trump Purefoods 93-73Arab News
(MENAFN - Arab News) MANILA: Everything was going well for debuting reigning Grand Slam champion Purefoods on Wednesday night until the Star Hotshots known last season as the San Mig Coffee Mixers ...

 Oct 24 2014 - Malaysia charges 3 with supporting ISArab News
(MENAFN - Arab News) KUALA LUMPUR: A Malaysian court on Thursday charged three men with supporting the Islamic State (IS) after they were arrested while attempting to leave the country to join the ...

 Oct 24 2014 - Corruption 'paralyzes' Ukraine: PoroshenkoArab News
(MENAFN - Arab News) ODESSA Ukraine: Corruption is 'paralysing' Ukraine's economy President Petro Poroshenko said Thursday on a pre-election visit to the country's most important sea port.Poroshenko ...

 Oct 24 2014 - New Swedish govt steps up spendingArab News
(MENAFN - Arab News) STOCKHOLM: Sweden's new left-wing government presented Thursday its 2015 budget with the Nordic country's largest deficit in nearly two decades as it seeks to boost employment ...

more...


 






Google

Click to Apply

 
 

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