Mr. Ravi Narain, CEO of the National Stock Exchange of India (NSE) today visited Qatar Exchange and met Mr. Rashid Bin Ali Al-Mansoori, Deputy CEO of Qatar Exchange, and several department directors.
During the meeting, Mr. Al-Mansoori welcomed the visit of Mr. Narain and his accompanying delegation and stressed on the desire of Qatar Exchange to enhance cooperation between the two exchanges through introducing the appropriate mechanisms to provide local and foreign investors with better services in both markets.
Mr. Al-Mansoori briefed the delegation on QE’s strategy and explained that the exchange aims at introducing necessary changes on its infrastructure to transform QE from a local and regional exchange into a world class exchange. He added that QE persisted in its efforts to be in line with the largest and most advanced exchanges in the world through developing legislative framework to provide different investors with diversified investment tools, including the ETF’s and REIT’s and enhance the principles of transparency in the market.
On his part, Mr. Narain briefed the Qatari management on the traded investment tools in the National Stock Exchange of India and the facilities offered to foreign investors, adding that his current tour in the region is aimed at identifying the difficulties facing foreign investments in the NSE and then conveying these difficulties to the Indian decision-makers in order to find the appropriate solutions to them.
Mr. Narain stressed on the necessity to overcome all the obstacles that prevent mutual cooperation between the region's markets and the Indian stock market, stressing on the desire to provide appropriate mechanisms to facilitate investment opportunities between the Indian exchange and the Qatar Exchange. He added that he is confident that the ongoing bilateral relations will prove to be a useful instrument not only to further strengthen the level of cooperation between the two exchanges, but also to open new areas of business opportunities for the market participants both in Qatar and in India.
The National Stock Exchange is India's largest financial market. Established in 1992, the NSE has developed into a sophisticated, electronic market, which ranks third in the world for transacted volume. The NSE conducts transactions in the wholesale debt, equity and derivative markets.
