Qatar Stock Exchange (QSE) held a seminar on the new mechanism issued by Qatar Financial Markets Authority (QFMA) on not halting the trading of a company’s stock during its AGM/EGM. The seminar was attended by representatives and officials from the QFMA, Qatar Central Securities Depository, listed companies and the member brokerage firms.

Director of Market Operations at QSE Nasser Al-Abdul Ghani gave a detailed presentation on the implementation mechanism of the new procedures as well as its investment advantages. He pointed out that the new procedures will be implemented as of the 1st of January 2018 to enable the listed companies and investors to be acquainted with the new procedures.

It is noteworthy that the new mechanism is consistent with the best practices in the international financial markets and offers various investment advantages as it allows investors to trade during general assembly meetings instead of suspend trading during such events, which would be in favor of boosting liquidity in the market.

This mechanism will also be helpful to ease the successful launching of new tradable products. In general, the non-halting of trading during general assembly meetings will be very supportive of both the investors and listed companies and the securities market as well

Source: Fana News