FTSE Semi-Annual Index Review will Be Effective on 19 September 2019

 

September 16, 2019

 

Qatar Stock Exchange would like to announce that the results of FTSE Semi-Annual Index Review published on 23rd August 2019 will be effective on 19th September 2019, after the close.

 

The details of the semi-annual review are as follows:

 

First: Reclassifications

 

·         Qatar Fuel: reclassified from FTSE Mid Cap Index to Large Cap Index

·         Barwa Real Estate: from Large Cap to Mid Cap

·         Al Meera: from Mid Cap to Small Caps

 

Second: Additions & Deletions

 

·         Salam International: Addition to FTSE Micro Cap Index

·         Qatar-Oman Investment Company: Addition to FTSE Micro Cap Index

·         Islamic Holding Group: Deletion from FTSE Micro Cap Index

·         Qatar National Navigation & Transport Deletion from FTSE Micro Cap Index

 

It is worth mentioning that inclusion and reclassification in global indices is subject to various criteria, the most important of which are the size of the company's investable capital and market capitalization, liquidity and turnover rates.

 

These Periodic index reviews, including companies’ reclassifications, additions and deletions, carried out by international index providers are among the main factors influencing the investment appetite of international investors and portfolio managers. Because of the periodic review process, the reclassified, added or deleted companies usually witness significant activity on their shares.