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New QSE rules seen market-positive, to boost transparency – DirectFN IR head

New QSE rules seen market-positive, to boost transparency – DirectFN IR head
The QSE's new regulations will boost transparency

Mubasher: The Qatar Stock Exchange (QSE) recently unveiled a set of investor relations (IR) regulations that are meant to support transparency for listed companies.

On Monday, the Qatar Financial Markets Authority (QFMA) approved requirements for investor relation practices, or IR rules, that would be an integral part of QSE.

The new IR rules, which require firms to appoint an IR office and create an IR section on their websites, will be effective for all QSE-listed firms starting 1 October 2019, the bourse said.

Commenting on the announcement, DirectFN head of IR Solutions Abdo Khoury said he was very pleased with the move by the QSE, which would ensure more market transparency.

“Nowadays most institutional investors expect to find an IR website including at least the key figures of any listed company,” Khoury told Mubasher, stressing that in the absence of communication between investors and the company, “there may be negative consequences directly affecting a share price.”

DirectFN™ is one of the largest ICT companies in the Middle East, with a special focus on Market and Corporate intelligence and IR web solutions, providing real-time market price and equity fundamentals feed.