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Qatar to restructure index

Dubai, June 12, 2007

Qatar's stock exchange plans to restructure its 20-stock index by September.

The new index will replace less active shares with more heavily traded ones, the bourse said.

Qatar Gas Transport Co, United Development Co, National Leasing, Gulf Warehousing , Qatar Meat and Livestock Company, Dlala Brokerage and Salam International will be included in the new index.

Ahli Bank, Doha Insurance, Qatar Insurance, Qatar National Cement, Qatar Flour Mills, Qatar Industrial Manufacturing and Qatar Electricity and Water will no longer be included.

The Doha Securities Market said the selection criteria was based on market capitalisation, volume of shares traded, turnover ratio and number of transactions.Reuters




Tags: Doha Securities Market |

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