Qatar Exchange (QE) was created in 2009 between Qatar Holding (88%) and NYSE Euronext (12%) as the successor to Doha Securities Market. Qatar Holding purchased NYSE Euronext’s stake in 2013. In 2012, regulatory authority passed to Qatar Central Bank from Qatar Financial Markets Authority, and in 2014 Qatar was added to the Morgan Stanley Capital International Emerging Market Index. It was upgraded in September 2016 from Frontier to Secondary Emerging Market by FTSE Russell.
QE began trading in treasury bills in 2011, and in 2012 the QE Venture Market for SMEs was launched, after the QFMA adopted new listing and initial public offerings (IPO) rules in the secondary market. As at October 2019 there are 46 listed companies and 9 brokerage firms.
All traders must use a stockbroker and register at the Qatar Central Securities Depository. Foreigners are not permitted access to the primary market, so cannot take part in IPOs, and restrictions may apply to the number of floated shares foreigners can trade in.
Qatar Central Securities Depository (QCSD) Established by QCB and licensed by QFMA to provide safekeeping, clearing and settlement of securities and other financial instruments listed on the Qatar Exchange.