Doha-Mubasher: Qatar-listed Doha Bank plans to launch an Exchange Traded Fund (ETF) on Qatar Exchange (QE) with Amwal and the Group Securities, which will act as liquidity provider.

An agreement was signed to appoint Amwal as Fund Manager, as well as licensing of the index benchmark from QE.

The bank group CEO R. Seetharaman "The Qatar Index ETF, which is pending regulatory approvals, will track the QE Index. Once approved by Qatar Financial Markets Authority (QFMA), the ETF product would list on Qatar Stock Exchange and provide investors with exposure to the index benchmark with a single trade.”

He added that the Group will provide bid and ask prices, as well as coordinating with the fund manager to manage the supply of ETF units on QE.