T-Bills to be traded on Qatar Exchange

T-Bills to be traded on Qatar Exchange

26/12/2011

Qatar Exchange today announced full operational and regulatory readiness to launch the debt instruments market starting with the admission of the Qatari Government short term Treasury Bills to trade on the exchange starting Dec, 29,2011.

Deputy CEO of QE Mr. Rashid Bin Ali Al Mansoori stated that the QE management has received the approval of Qatar Financial Markets’ Authority to launch the Debt Instruments Market and has received from Qatar Central Bank  a list of T-Bills that will be listed for trading as of the 29th of December.

Mr. Al Mansoori referred to a statement by H.E Sheik Abdulla Bin Saud Al Thani, Governor of QCB published on the website of QCB in which he announced the start of listing short term T-Bills on the QE starting on the 29th of December as a first step to launch the Secondary Market trading for bonds on Qatar Exchange providing the diversification of investment instruments in the Qatari Market. 

The listing of the short term T-Bills on QE is expected to attract the attention of banks, financial institutions as well as investors, and the listing of Government Bonds and the presence of a bond market will encourage companies to issue and list bonds as another alternative for financing and ultimately contribute to increasing liquidity in the market.