Qatar Stock Exchange Completes Successful New York
Investor Forum
May 10, 2017
Qatar Stock Exchange (QSE), in collaboration with QNB Financial
Services and HSBC, today completed a two day roadshow that aimed
to support the further development and practice of QSE’s listed
companies’ investor relations.
The forum is designed to complement the companies’ ongoing
investor relations activities through providing an opportunity
for the senior management of listed companies to meet key
decision makers from a number of the world’s largest
international fund managers.
Whilst emerging market exchanges like Qatar have grown in
importance over recent years, this growth has not always been
associated with a commensurate growth in liquidity. Qatar Stock
Exchange places great emphasis on the importance of market
liquidity and its relationship to financial market development
given its links to investors, for whom more liquid markets mean
lower costs of trading, an ability to move more easily in and
out of the market, lower price volatility, and ultimately
improved price formation.
Over the two days through a combination of one-to-one and group
meetings the listed companies met with over [fifty-five] fund
managers representing [forty] major institutions. Those
institutions represented the most important funds allocating
money to Qatar, the GCC and the broader emerging markets.
In aggregate the event hosted over [one hundred and thirty]
meetings.
The delegation from Qatar was led by Mr. Rashid Bin Ali
Al-Mansoori, CEO of Qatar Stock Exchange, who said: “We are
pleased to once again be working with HSBC and QNBFS in
showcasing some of our leading companies. We believe developing
a diversified investor base, including retail investors,
domestic institutions and a range of international institutional
investors with different investment horizons and perspectives,
is central to the development of our equity markets and hence
our ongoing commitment to events such as these.”
In
addition he added “Whilst liquidity in the secondary markets is
a clear objective in terms of capital allocation objective we
are also mindful of the Exchange’s position as a key to capital
formation. Issuers are attracted to more liquid markets, since
liquid markets reduce the cost of capital and lead to more
accurate share price valuations. Qatar Stock Exchange thus value
the increased attractiveness to issuers and investors, as this
has a direct link increased confidence in the market overall and
brings benefits to the whole economy. Economies in broad terms
benefit, because in part companies are able to access capital at
a reasonable cost, subsequently increasing investment in their
business and driving increased employment and their overall
contribution to the economy.”
Mr. Al-Mansoori concluded that “We also acknowledge the
commitment of our companies in attending such events as their
investor relations’ efforts complement the work being done at a
more macro-level in continuing to improve market infrastructure.
Our inclusion in the various emerging markets indices continues
to promote new inflows and the work Qatar is doing in terms of
margin trading and liquidity provision (already available) and
market-making, securities lending and borrowing and covered
short selling will all assist in growing liquidity for all
investors including the international investors we have met in
the last few days.”
Eleven listed corporates, representing blue-chip investment
opportunities in the Qatari market used the opportunity to meet
with the world’s leading fund managers. The Qatari companies
participating were: Qatar National Bank, Doha Bank, Commercial
Bank, Masraf Al Rayan, Ooredoo, Industries Qatar, Mesaieed
Petrochemical Company, Qatar Islamic Bank, Qatar Electricity &
Water, Nakilat and Milaha.
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