Carnegie Mellon team wins Qatar Stock Exchange competition – MENAFN.COM

Carnegie Mellon team wins Qatar Stock Exchange competition – MENAFN.COM

(MENAFN - The Peninsula) Doha: A team of students from Carnegie Mellon University in Qatar (CMU-Q), a Qatar Foundation partner university, took the top spot at the second Qatar Stock Exchange (QSE) Financial Education Competition. Eight universities took part, with CMU-Q edging out teams from Qatar University and Hamad Bin Khalifa University. The first QSE Financial Education Competition took place in 2019, with a CMU-Q team also taking first place. The competition kicked off before the pandemic, in early 2020. Teams were given the task to value Aamal Holdings, a diversified business with holdings in four different sectors. Business administration students Haidar Al Haidar, Abraham Farooqui, Joud Ghalayini, Faiha Sahirah and Mariam Syed delved into the complicated task of valuating a company with such varied assets. Fuad Farooqi, associate teaching professor of finance at CMU-Q, noted that the analysis was much deeper than a typical valuation: 'The submission not only included technical and fundamental analysis, but also the methodology and theoretical underpinnings of that analysis. After the students completed their report in the spring of 2020, they looked forward to the formal presentation and awards. Due to COVID-19 restrictions, however, the presentations were postponed. The students presented their work to