In a move which will help to attract additional foreign investment to the Qatar Stock Exchange (QSE), MSCI has announced the final list of Qatari stocks that will join the MSCI Emerging Markets Index upon the upgrade of the Qatari market, which will take effect June 2nd 2014.
The Qatari companies which will be added to the MSCI Emerging Markets Index are Masraf Al Rayan, Barwa Real Estate, Commercial Bank of Qatar, Doha Bank, Ooredoo, Qatar Electricity & Water, Qatar Industries, Qatar Islamic Bank, Qatar National Bank (QNB), and Vodafone Qatar,a press release issued at QSE website on Thursday said.
Rashid bin Ali Al-Mansoori, CEO of Qatar Stock Exchange, described this announcement as a positive step that would improve the performance of the stock market in the State of Qatar. He added that: “We are proud of the performance of Qatari listed companies as evidenced by the inclusion of 10 Qatari companies in the MSCI EM index.
This development would enhance liquidity in the market and contribute to the flow of medium-and long-term foreign investments,” said Al-Mansoori and voiced hope that this development will open the door to the flow of investments of global portfolios to invest in the shares of Qatari companies that will benefit directly from these investments which will reflect positively on the various economic sectors in the country, especially in view of the fact that these foreign investment portfolios seek to invest in the Qatari market, which is characterized for being safe and stable investment environment.
The MSCI EM index, which manage assets worth about $3.3 trillion, includes the markets of emerging economies such as China, Russia, South Korea, India, Brazil, Malaysia, Turkey and Taiwan.
MSCI Inc. is a leading provider of investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds. MSCI products and services include indexes, portfolio risk and performance analytics, and ESG data and research.
The company’s flagship product offerings are: the MSCI indexes with approximately USD 8 trillion estimated to be benchmarked to them on a worldwide basis1; Barra multi-asset class factor models, portfolio risk and performance analytics; RiskMetrics multi-asset class market and credit risk analytics; IPD real estate information, indexes and analytics; MSCI ESG (environmental, social and governance) Research screening, analysis and ratings; and FEA valuation models and risk management software for the energy and commodities markets. MSCI is headquartered in New York, with research and commercial offices around the world.
Source : Qatar News Agency