The Qatar Exchange has said there will be no changes to the companies represented in the QE and Al Rayan Islamic indices, effective from April 1, even as Ahlibank has not qualified to be included in the All Share Index.
The bourse also said any stock exceeding 15% weight in the index as of market close on March 31 will have its weight capped at the 15% and the excess weight allocated to remaining stocks proportionately.
Both the QE and the Total Return indices will continue to have Industries Qatar, QNB, Masraf Al Rayan, Ooredoo, Qatar Islamic Bank, Commercialbank, Barwa Real Estate, Qatar Electricity and Water, Nakilat, Doha Bank, Milaha, International Islamic, al khaliji, United Development Company, Gulf International Services, Vodafone Qatar, Qatari Investors Group, Alijarah Holding, Mazaya Qatar and Widam (Mawashi).
Following its inception on January 7 this year, the first rebalance of the Al Rayan Islamic Index has also been carried out.
"There are no changes to the components or structure of the index basket," the bourse said in a notice. The constituents are Industries Qatar, Masraf Al Rayan, Barwa, United Development Company, Qatar Islamic Bank, International Islamic, Vodafone Qatar, Qatari Investors Group, Gulf Warehousing, Alijarah Holding, Mazaya Qatar, Widam, Al Meera Consumer Goods, Medicare Group, Zad Holding, Qatar Industrial Manufacturing and Qatar Islamic Insurance.
On the All Share Index and related sector index, which contains stocks with annual share velocity of greater than 1%, the statement said "there is one change with Ahlibank not qualifying for the All Share Index."
Early this month, the bourse had said equities with a minimum individual shareholder ownership limit of less than 1% will be excluded from the index selection from April 1.
© Gulf Times 2013
