Qatar Investment Authority (QIA) announced the establishment of a permanent market-making program at the Qatar Stock Exchange (QSE).
The commitment is set to run over the next five years, and will cover 90 percent of the size of the market capitalization listed on QSE.
QIA said in a statement that it is committing up to QR 1 billion to the establishment of a permanent market-making program to support the continuation of this momentum and contribute to the growth of the Qatari economy. The commitment aligns with QIA’s mandate to support the development of a competitive Qatari economy.
The statement added that the commitment will help enhance liquidity in the market, improve price discovery, and diversify the capital markets in Qatar.
Through increased investor confidence, the program will support to attract further foreign asset managers to invest in Qatar.
In its wider reform strategy, QSE is working to attract a greater number of listings, introduce more ETFs, improve ESG disclosures and derivatives to help investors diversify their portfolios and better manage their investment risks. QSE is working closely with Qatar Financial Markets Authority (QFMA) and Qatar Central Securities Depository (QCSD) on its wider reform strategy. (QNA)
Source: Qatar News Agency