Al-Raya Highlights Remarkable Performance of Qatar Stock Exchange

Doha, June 12 (QNA) - Qatari newspaper Al-Raya highlighted Saturday the remarkable performance of Qatar Stock Exchange (QSE) last year, which was revealed by the annual report issued recently. Al-Raya underlined that the excellent performance of Qatar Stock Exchange was a natural result of the development and modernization plans adopted by QSE, including the introduction of new products to the market, increasing trading volumes, enhancing liquidity, and implementing several initiatives aimed at increasing trading volumes. These plans led to achieving remarkable success at various levels, and enabling QSE to make progress in implementing its strategy aimed at transforming it into an advanced market. Hence, achieving an increase in trading volumes by 400% during the past year, and an increase in trading values by about 56%. Meanwhile, the general index of the market recorded a positive performance, maintaining the levels of 10,400 points, while the market value of the Qatar Stock Exchange amounted to about QR 602 billion, the paper added. Al-Raya indicated that the management of Qatar Stock Exchange implemented an ambitious strategy that included many important and necessary initiatives to develop the market and raise it to the level of advanced global stock exchanges. QSE was able to achieve remarkable successes despite the challenges the world faced during the past year, as it was able to achieve excellent results, adapt and successfully deal with the outbreak of the coronavirus pandemic which swept the world and left negative effects on most of the economies of the world. Over the past years, Qatar Stock Exchange has continued its unremitting efforts aimed at achieving its strategic objectives and enhancing its investment role locally and internationally. It was able to achieve many accomplishments in its quest to be a platform for diversifying the national economy and achieving sustainable development, the paper added, stressing that these achievements was made thanks to the keenness on developing the mechanisms, infrastructure and services that QSE provides to clients in order to maintain its position in a manner befitting Qatars position as a major market in the region. In conclusion, Al-Raya said that economists expect Qatar Stock Exchange to attract new foreign investments during the coming period, after new Qatari companies entered into the emerging market indices, which would contribute to increasing cash circulating within the market, The inclusion of new companies in the emerging market indices are evidence of the global investment institutions' confidence in the Qatari companies listed on QSE, thus maintaining Qatars position as a major market in the region and enhancing the position of the Qatari capital market at the regional and global levels. (QNA)