Rashid bin Ali Al-Mansoori, CEO, Qatar Stock Exchange, addressing the investor relations conference in Doha yesterday.Pic:Abdul Basit / The Peninsula
Qatar’s stock market has seen tremendous capital inflows from foreign investors after getting upgraded to Emerging Market status by MSCI. However, there is still enormous potential to be tapped in terms of attracting foreign capital, said a senior official of Qatar Stock Exchange (QSE) yesterday.
“As an emerging market inclusion status, QSE has qualified many companies to join the MSCI, FTSE and S&P indices. As a result, we have tremendous capital inflows from passive asset managers who track these indices regularly,” said Abdel Aziz Al Emadi, Listing Director at QSE, addressing the 7th Annual Qatar Investor Relations Conference held at Shangri La Hotel.
“We are currently at 0.8 percent of the MSCI emerging market index and passive investors tracking these indices are worth $210bn. Can you imagine if we reach just 2 percent of this? And active fund managers which are five times bigger should follow,” he added.
The conference was organised by QSE and the Middle East Investor Relations Association (MEIRA).
Rashid bin Ali Al Mansoori, CEO of QSE stressed on the ned for effective communication with shareholders and investors. “We encourage listed companies in Qatar to develop their investor relations standards and adopt best international practices in this area,” said Al Mansoori.
