Qatar sets up $200m fund to drive trade in Doha stocks

Qatar sets up $200m fund to drive trade in Doha stocks

Qatar Investment Authority has launched a $200 million fund for Doha-listed stocks as part of plans to reinvigorate trading on the country’s bourse. Trading turnover on the Qatar Stock Exchange has dropped from QAR160.4 billion ($44.1 billion) in 2022, when Russia’s invasion of Ukraine boosted the prices of Gulf hydrocarbon exports, spurring local, regional and […]

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Qatar Investment Authority has launched a $200 million fund for Doha-listed stocks as part of plans to reinvigorate trading on the country’s bourse.

Trading turnover on the Qatar Stock Exchange has dropped from QAR160.4 billion ($44.1 billion) in 2022, when Russia’s invasion of Ukraine boosted the prices of Gulf hydrocarbon exports, spurring local, regional and foreign investors to buy and sell Doha stocks.

The average daily trading volume on the Qatar exchange stood at 122 million shares in 2023, down 3 percent from 126 million in 2022, the according to research firm Kamco Invest.

Rival bourses saw 2023 averages of 138 million shares in Dubai, 136 million in Abu Dhabi and 164 million in Kuwait. 

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