Satyendra Pathak
Doha
Qatar Stock Exchange (QSE) on Wednesday announced that the Group Securities Company will start the activity of market making as of October 2, 2022, for Qatar National Bank, Industries Qatar, Masraf Al Rayan, Qatar Fuel (Woqod), Commercial Bank, Qatar International Islamic Bank and Electricity and Water Company.
According to a statement on the QSE website, this is in addition to the companies on which the Group Securities Company operates as a market maker, according to their announcement on February 6, 2022.
In another statement on its website on Wednesday, the QSE also announced that QNB Financial Services (QNBFS) will start market-making activity as of Tuesday, October 4, 2022, for Industries Qatar, Masraf Al Rayan and Qatar Fuel (Woqod).
This is in addition to the Al Rayan Qatar ETF, on which the company acts as a market maker, the statement said.
QSE, as part of its wider reform strategy, has been working on various initiatives to enhance liquidity in its market and is working closely with Qatar Financial Markets Authority (QFMA) and Qatar Central Securities Depository (QCSD) on this important programme.
QSE is also engaged with various stakeholders to further increase the free float in the market. The recent announcements by major companies for the removal of foreign ownership limits are part of an overarching plan to enhance access for foreign investors. Supporting the development of the asset management industry is also part of QSE’s strategy.
