(MENAFN- Qatar News Agency) Today marked the first day of trading for the Rights Issue of Gulf Wharehousing Company (GWCS). The Exchange said in a press release the launch of rights trading went not only very smoothly from a technical standpoint but it was also a resounding success with QR 1,131,228 worth of rights exchanged in 65 trades.
QSE CEO Rashid Al-Mansoori said: "We are delighted to expand the QSE product offering for investors with the trading of rights. This successful launch will comfort issuers that the trading of rights is a viable mechanism to increase their capital and we already look forward to the upcoming issues which are at various stages of shareholder or regulatory approval".
As per Qatar Financial Markets Authority regulations, the trading of GWCS rights will take place over 10 trading sessions and will end on October 29th.
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