DOHA: The Qatar First Bank (QFB) which debuted its shares on Qatari bourse was the most heavily traded stock yesterday.
“Much trading interest was sucked up by Qatar First Bank, which listed on Wednesday and was the day’s most heavily traded stock. It initially rose but closed with a 7.7 percent fall”, Reuters reported.
With the listing of QFB, the number of listed companies on Qatar Stock Exchange reached 44.
“We are pleased to welcome Qatar First Bank into the family of listed companies on the exchange-a company that will increase exchange depth and brings new opportunities and additional choice to the investing public”, Rashid Al Mansoori CEO, Qatar Stock exchange, said.
He added: “Qatar exchange is actively seeking to increase the number of listed companies through a greater understanding of the benefits of using the public equity markets to finance growth. We look forward to listing of QFB being the starting point for a renewal interest in companies seeking IPO’s and also in the future additional listed products including ETFs and Sukuk”.
Abdulla Bin Fahad Bin Ghorab Al Marri said: “ This is a significant achievement for Qatar, the financial services industry and QFB. It marks the next step in Qatar’s efforts to reactivate Qatar’s stock market and encourage the participation of the private sector in all aspects of the Qatari economy and in particular the banking sector”
“Our listing on the QSE was always a top priority, and an opportunity to broaden our shareholders base and offer new investors an opportunity to join us for the next phase of journey,” he said.
The Peninsula
