In A Sign Of Confidence In The Qatari Bourse Foreign Investment Portfolios Opens More Than 50 Trading Accounts

In a sign of confidence in the Qatari stock market, more than 50 foreign investment portfolios have opened new accounts in just one week to trade in the shares of the companies listed on Qatar Stock Exchange.

Mr. Rashid bin Ali Al-Mansoori, Chief Executive Officer of Qatar Stock Exchange, said that this large turnout by foreign portfolios and international investment instructions reflects the strong fundamentals of Qatar’s economy and the investment attractiveness of Qatar Stock Exchange and its listed companies.

Al-Mansoori pointed out that despite the blockade imposed since two months on Qatar by some neighboring countries, the Qatar Stock Exchange has proven its robustness and achieved positive results as QSE index rose since the second day of the blockade until the closure of trading on last Thursday by 4 per cent to 9563 points compared to 9202 points, and the market value rose from about QR 493 billion to about QR 517 billion.

Since the beginning of the crisis, the average daily trading value has increased so far by about 20 percent to reach about 300 million Qatari Riyals per day compared to about 250 million Qatari Riyals per day, while the Qatari Stock Exchange has attracted a wide range of investors; including retail and institutional, local and foreign investors, Al-Masnoori added.