QSE Index Committee Decides to Temporarily Remove Ezdan
Holding from The Components of QSE Index
With
effect from the closing of the trading session on May 29, 2017
May 29, 2017
In
a meeting held last night, the Index Committee of Qatar Stock
Exchange (QSE) decided to temporarily remove Ezdan Holding Group
Co. from the components of QSE Index in light of Ezdan EGM
decision in principle to transform it from a public shareholding
company to a private joint stock company.
The Index Committee decided that the effective date of the
removal will be as of the closing of the trading session on May
29th, after QFMA approval. Ezdan weight will be proportionately
redistributed to the remaining index constituents of QE Index
and QE Al Rayan Islamic Index.
The committee decision was taken based on the provision in the
Index Methodology providing for the Committee to make
operational adjustments to the index on an exceptional basis if
required in order to maintain a fair and orderly market and/or
is in the best interest of the investors and/or for proper
functioning of the markets.
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