Qatar Stock Exchange would like to announce that the results of FTSE Semi-Annual Index Review published on August 23rd 2019 will be effective on 19th September 2019 (after the close). The details of the semi-annual review are as follows:
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
Additions and deletions:
- Al 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 and Transport Deletion from FTSE Micro Cap Index
It should be noted that the companies’ inclusion and reclassification in global indices are 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. 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.As a result of the periodic review process, the reclassified, added or deleted companies usually witness significant activity on their shares.