9/27/2022
-QSE licensed market makers will be able to access some of QIA’s stock inventory and incentives programs
-Move is part of QIA’s commitment to support Qatar’s economy and will facilitate markets in QSE listed stocks
-QSE is also engaged with various stakeholders to further increase the free float in the market
Doha, 27 September 2022: As part of QIA's commitment to support and develop Qatar’s local economy, QIA has set up a market making initiative to boost liquidity at the Qatar Stock Exchange (QSE) via market makers. QSE licensed market makers will be able to access some of QIA’s stock inventory and incentives programs to facilitate markets in QSE listed stocks.
H.E Mansoor bin Ebrahim Al-Mahmoud, CEO of QIA said: “Qatar is uniquely positioned to further open its capital markets to foreign issuers. QIA’s commitment to deepening its capital market is an important step to attracting foreign asset managers to invest in Qatar, and to stimulate retail participation that will help diversify and broaden the market. This QIA-sponsored market making initiative is a first step towards this goal and helps to further develop the Qatari financial markets”.
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 program.
QSE is also engaged with various stakeholders to further increase the free float in the market. Recent announcements by major companies for removal of foreign ownership limits is 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.
“We welcome QIA’s initiative to enhance liquidity in the market. Higher liquidity will further attract investors into the market while improving price discovery and boosting investor confidence.” said Abdul Aziz Al-Emadi, Acting CEO of QSE
This year QSE has seen the largest foreign investment flows in its history given our renewed focus on liquidity. The launch of market making initiative will support continuation of this momentum.
The QSE is also working to attract more listings, introduce more ETFs and derivatives to help investors diversify their portfolios and better manage their investment risks.