‘Inflows of $1.5 bn expected from passice investors after FOL hike’

June 10, 2021

Qatar’s recent decision to allow the listed companies to increase the foreign ownership limit (FOL) up to 100 percent has significantly improved trade volumes at the Qatar Stock Exchange (QSE), the exchange’s top official has said.
Speaking at an interactive virtual client conference on ‘Qatar Economic Development and Opportunities’ organised by Doha Bank, QSE CEO Rashid Al Mansoori said, ”The decision to increase FOL up to 100 percent was important for the QSE. The importance can be gauged from the fact that QSE witnessed trades worth almost QR1 billion the very next of the announcement. We expect inflows of above $1.5 billion from passive investors and more from active investors.”
With a number of companies expected to announce FOL increase, Mansoori said, the trade value at the exchange is expected to increase substantially this year.
“Foreign investors are very active in our market. There are days when they account for up to 35 percent of total trade. Since the beginning of this year, foreign investors have bought Qatari shares worth almost $1 billion,” he said.
While QSE has taken various decisions like margin trading and liquidity providers to increase liquidity at the bourse, he said, a lot more is needed to attract investors to Qatar’s stock market.
He advocated for digital trade account opening in five minutes for larger participation of people in stock trade activities.
He said that at least one ETF and few more companies will be listed at the exchange this year.


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