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QNA
Doha
Qatar Stock Exchange on Monday said the results of FTSE Semi-Annual Index Review published on August 23, 2019, will be effective on September 19, 2019 (after the close).
The details of the semi-annual review resulted in changing classification of some companies like Qatar Fuel (Woqod), which moved from the list of Mid Cap to Large Cap, Barwa Real Estate Co from Large Cap to Mid Cap and Al Meera Consumer Goods Co. from Mid Cap to Small Cap.
The reviews also
resulted in inclusions/exclusions of a number of companies.
Salam International Investment entered the list of Micro Cap, Qatar Oman Investment Company entered the list of Micro Cap, Islamic Holding Group exited Micro Cap list, and Qatar National Navigation & Transport exited Micro Cap list.
It should be noted that 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 capitalisation, and 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.
Doha
Qatar Stock Exchange on Monday said the results of FTSE Semi-Annual Index Review published on August 23, 2019, will be effective on September 19, 2019 (after the close).
The details of the semi-annual review resulted in changing classification of some companies like Qatar Fuel (Woqod), which moved from the list of Mid Cap to Large Cap, Barwa Real Estate Co from Large Cap to Mid Cap and Al Meera Consumer Goods Co. from Mid Cap to Small Cap.
The reviews also
resulted in inclusions/exclusions of a number of companies.
Salam International Investment entered the list of Micro Cap, Qatar Oman Investment Company entered the list of Micro Cap, Islamic Holding Group exited Micro Cap list, and Qatar National Navigation & Transport exited Micro Cap list.
It should be noted that 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 capitalisation, and 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.
