Qatar Stock Exchange (QSE) has announced an amendment in the methodology for calculating the index for all QSE indices. The amendment relates to the definition of index shares available for trading as applied in the calculation of index components. The new changes will be effective October 1, 2019, as approved by the Index Committee and Qatar Financial Markets Authority (QFMA).
The index shares available for trading are defined as follows: Shares available for trading are the total number of shares minus – shares directly owned by the Government of Qatar and related entities; shares reserved for the founders and members of the Board of Directors; and shares that amount to or exceed 10 percent of the Company’s shares (excluding shares owned by Qatar pension funds).
Separately, the QSE noted that in its periodic index rebalancing, Ezdan Holding Group and Qatar Aluminium Manufacturing Company will replace Medicare Group and Qatar First Bank in the QE Index. Ezdan Holding Group and Qatar Aluminium Manufacturing Company and Qatar Islamic Insurance join QE Al Rayan Islamic Index.
Qatar Aluminium Manufacturing Company will join both QE All Share Index and QE Industrials Index. Qatar General Insurance & Reinsurance joins both QE All Share Index and QE Insurance Index. The changes in the constituents of the indices are effective on October 1.
