The results of FTSE Semi-Annual Index Review will be effective on September 19, 2019 after the market close, Qatar Stock Exchange (QSE) announced yesterday.
As per the new classification, Qatar Fuel has been reclassified from FTSE Mid Cap Index to Large Cap Index. Barwa Real Estate has been added to Mid Cap from Large Cap; and Al Meera has been added to Small Caps from Mid Cap.
Salam International and Qatar Oman Investment Company have been added to FTSE Micro Cap Index.
While Islamic Holding Group has been deleted from FTSE Micro Cap Index, Qatar National Navigation and Transport has been deleted from FTSE Micro Cap Index.
The companies’ inclusion and reclassification in global indices are subject to various criteria, the most important of which are the size of the company’s investable capital and market capitalization, liquidity and turnover rates. Periodic index reviews, including companies’ reclassifications, additions and deletions, carried out by international index providers are among the main factors influencing the investment appetite of international investors and portfolio managers. As a result of the periodic review process, the reclassified, added or deleted companies usually witness significant activity on their shares.
