FTSE Russell has announced the results of its September 2020 Semi-Annual Review of emerging market indices, which included the inclusion of four new Qatari companies listed on the Qatar Stock Exchange (QSE) in these indices.
According to a statement on the official website of Qatar Stock Exchange, the Semi-Annual Review witnessed the upgrade of Ezdan Holding (ERES) share from “medium capital” to “large capital” companies, and the introduction of three new companies into the index of micro capital companies, including Qatar National Cement (QNCD), Islamic Holding (IHGS) and Mannai Group (MCCS).
Qatari Islamic Insurance (QISI) are deleted from the micro capital, according to the Semi-Annual Review.
The changes will be effective on closing of September 17, 2020.
The FTSE emerging markets index is one of the indexes of the global “FTSE” indices and funds that mainly target most emerging market exchanges, and this index is of importance by global funds and portfolios due to the major investments it holds for the largest international banks and companies. The index has many European, British and international funds and portfolios.
SOURCE: THEPENINSULAQATAR