A man reads a newspaper near a display screen showing stock information at the Qatar Exchange in Doha yesterday.
Doha: Qatar Exchange (QE) has voiced hopes that it would obtain full membership in the World Federation of Exchanges (WFE) during the 53rd General Assembly and Annual Meeting of the WFE which kicked off in Mexico yesterday.
This came in a press release quoting Rashid bin Ali Al Mansouri, the CEO of Qatar Exchange, as saying a statement on arrival earlier yesterday to participate in the General Assembly, which kicked off today and are to conclude today.
In comments he made upon his arrival in the Mexican capital, Al Mansoori has expressed his satisfaction with QE’s commitment to implementing the best international standards and the achievements of Qatar Exchange in terms of technical and regulatory enhancements that have contributed to it being recognised as one of the leading stock exchanges.
“WFE membership would enhance QE’s ability to exchange information and expertise in various fields with all the WFE member stock exchanges. This makes us more able to continue to contribute to the development of the capital sector in the State of Qatar”, Al Mansoori said
During the meeting to be opened by Enrique Pena Nieto, President of Mexico, it is expected that Qatar Exchange will be granted full membership of the federation, which includes 57 publicly regulated stock, futures and options exchanges, and is one of the leading international associations concerned in the securities markets at a global level.
During the WFE meetings, several sessions will be held to discuss matters relating to economic policies and financial markets, regulations and rules applicable in equity markets, the emergence of Latin American stock exchanges as key players, the changing face of derivatives markets, and the financing of SMEs.
Qatar Exchange was established in 1995, the Doha Securities Market (DSM) officially commenced operations in May 1997. Since then the Exchange has grown to become one of the leading stock markets in the GCC region and for two consecutive years (2010, 2011), was the best performing stock Exchange in the GCC.
In June 2009, the DSM was renamed the Qatar Exchange (QE). QE currently has 42 listed companies and its market capitalization is over QR500bn ($127bn). The primary aim of QE is to support Qatar’s economy by giving investors a platform through which they can trade fairly and efficiently.
QE also provides the public with access to market information, ensures correct disclosure of information, and enforces securities regulations. QE is regulated by the Qatar Financial Markets Authority.
QNA
