.jpg)
The Qatar Financial Markets Authority’s (QFMA) Board of Directors have held its first meeting for 2011, chaired by His Excellency Yousef Hussein Kamal, Minister of Finance and Economy, Chairman of the Authority.
A number of decisions were taken, including the approval to amend the official trading times at the Qatar Exchange. Trading sessions will now take place from 9:30 to 1:00 pm.
The board also approved the amendment of the Tick Size as follows:- Tick Size will be Dh1 when stock price is less than QR25.
- Tick Size will be Dh5 when stock price is between QR25 and QR50.
- Tick Size will be Dh10 when stock price is above QR50.
Mr. Nasser Al Shaibi, QFMA CEO, clarified that these decisions are in line with the regulations and laws approved recently by the Authority with the aim to develop trading mechanisms in the stock exchange in order to cope with the development of the capital markets in the country.
He added that the Qatar Exchange, in coordination with the QFMA, will take the necessary measures to implement these decisions.
