Al Mansoori Praises QSE's Steadiness to Face the Siege

Doha, July 13 (QNA) - CEO of Qatar Stock Exchange (QSE), Rashid bin Ali Al Mansoori, on Thursday stressed that QSE has faced the siege with full strength and steadiness, adding that the current crisis will not affect it. In statements on the sidelines of the inauguration of a signature board bearing the Tamim Al Majd mural at the trading hall of QSE building, Al Mansoori said QSE is implementing plans and has investors from 155 countries along with hundreds of requests to open accounts in the Qatari Stock Exchange. At the beginning of the siege, Qatar Exchange has seen a decline in its index following the sale of some portfolios, which is normal in such circumstances, Al Mansoori commented. However the crisis has also facilitated the entry of various foreign investors in direct investments in QSE as a result of global interest in the Qatari Stock Market thanks to strength and diversity of the Qatari economy and in the presence of opportunities and attractive stock prices, he explained. Qatari companies' generosity in the distribution of its profits was also an ideal attractive factor in such situations, he went on saying. In this regard, he stressed that the increase in trading volume during the siege beside the augmenting liquidity in QSE reflect the positive outlook of all foreign investors, especially the siege countries, which no restrictions were imposed on any of them nor for their citizens to invest in QSE, Al Mansoori added. QSE has witnessed a rise in its index yesterday, proving investors 'confidence on the strength of the Qatari economy, Al Mansoori said, pointing the positive indicators which have a significant role to contribute in that. These indicators include positive financial results of some listed institutions along with the announcement of a number of large logistics projects in the country, Al Mansoori concluded. (QNA)