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| 21 March, 2018

Qatar bourse to list Masraf Al Rayan's ETF

Masraf Al Rayan's ETF will track the QE Al Rayan Islamic Index

Traders monitor screens displaying stock information at Qatar Stock Exchange in Doha, Qatar, in this file photo of November 9, 2016.

Traders monitor screens displaying stock information at Qatar Stock Exchange in Doha, Qatar, in this file photo of November 9, 2016.

REUTERS/Naseem Zeitoon

DUBAI - Qatar's stock market will list Masraf Al Rayan's exchange-traded fund (ETF) on Wednesday, a bourse filing showed.

The ETF listing will be Qatar's second this year, after local asset manager Amwal in March launched its ETF, an equity fund tracking 20 of the largest and most liquid stocks in the market.

Masraf Al Rayan's ETF will track the QE Al Rayan Islamic Index of sharia-compliant stocks in Qatar. The Group Securities will act as the liquidity provider for the ETF, the bourse said.

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(Reporting by Hadeel Al Sayegh; Editing by Ghaida Ghantous and Amrutha Gayathri) ((Hadeel.AlSayegh@thomsonreuters.com; +971566883310;))