MARKET INFORMATION
Qatar Exchange
http://www.qe.com.qa/

 

Trading Hours

Pre-opening session

09:00 – 09:30

Continuous Trading

09:30 – 13:00

Closing Auction

13:00 – 13:15

Time Zone

GMT+3

Trading Days

Sunday – Thursday

Trading Currency

Qatari Riyal (QAR)

 

Main Index

Qatar Exchange Index (QE Index) includes the top 20 companies in terms of liquidity and market cap and is weighted by mkt cap

Reuters code

.QSI

Bloomberg code

DSM

Exchange Code

Reuters code

QA

Bloomberg code

QD

Trading ID/ Trading Requirements

National Investor Number (NIN)

Settlement Cycle

T+2

Current Index Status

MSCI EM - FTSE EM

Market Cap

USD171.4 bn
Average Daily Value Traded
YearAVG VALUE TRADED
2022 $176.4mn
2023 $137.1mn
MARKET DYNAMICS

Stock Limit
Up/Down

+/-10%

from previous close

Tick
Size

Stocks priced at QAR 10.00 or above: QAR 0.01

Stocks trading below QAR10.00: QAR 0.001

Board
Lot

No Board Lots.

Iceberg
Orders

Available

Off-
Market Crosses

There is a market for block trades with the following criteria
1) Value of the trade should at least QAR 10 million each leg.
2) Market authorities approval is required
3) Same trading hours as the regular market
4) Price limit is +/-5% from last traded price in regular market

Official
Closing Price

Matched price in the closing auction or the last traded price prior to the auction, in case no matching occurred in the auction.

Closing Auction

15 minute auction from 13:00 till 13:15. The first 10mins is a price discovery session, any changes are possible (add, cancel or change price).
Orders can be placed at limit or at market; where market orders have priority over limit orders.
The last 5 minutes is for trading at the matching price (Trading at Last).

Crosses

Crossing can be done in market spread during the regular trading hours.

MARKET REGULATIONS
Foreign Ownership Restriction
Foreign Ownership Restriction:
All companies FOL is currently at 49% or 100%

Current FOL is disclosed on the official website
Disclosure Rules
Banks
Limit is 5% for all banks except QFBQ is 25%. Shareholders who own, directly or indirectly through their minor children or subsidiaries, (5%) or more of the listed company's capital are disclosed on QE website

Companies
Limit is as per the articles of Association of each company, Shareholders who own, directly or indirectly through their minor children or subsidiaries, (5%) or more of the listed company's capital are disclosed on QE website
Securities Lending
Not permitted
Short selling
Not permitted
Crossing Restrictions
None
Timeline for New NIN Setup
One business day
Client Account Structure
*Foreign investors must have two accounts prior to trading; a registry account and a trading account

*Shares must be available in the trading account before sales are undertaken.

*Transfer of shares between the registry and trading accounts may be undertaken by the client himself, global custodian or any international/local broker if the permission is given by the client
Failing trades
Sales Trades are subjected to Buy In on T+6. However by market practice;
trades stay in failing status till an action is taken by the broker, either by trade settlement or by trade cancellation in the market.

Purchases Trades are subjected to Sell Out on T+6. However by market practice; trades stay in failing status till an action is taken by the broker, either by trade settlement or by trade cancellation in the market.

The QCSD levy charges of QAR100 per trade on trades that have failed to settle on T+3
Failing Purchase orders are subjected to interest claim from T+4 onwards
MARKET FEES & TAXES
Market Fees 6.50bps (5.50 bps exchange fees + 1 bp QCSD fees) Capital Gain Tax None
Withholding Tax None Dividend Tax None