Qatari companies included FTSE Micro Cap Index

DOHA, QATAR: Baladna, Doha Insurance Group and Qatar Industrial Manufacturing will be included in FTSE Micro Cap Index from September 16, 2021.

Moreover, Qatar Fuel and Qatar Electricity & Water Company are reclassified from FTSE Large Cap Index to Mid Cap Index.

“The results of FTSE Semi-Annual Index Review published on August 20th 2021 will be effective on 16th September 2021,” Qatar Stock Exchange announced on Sunday.

FTSE Russell is a subsidiary of London Stock Exchange Group (LSEG) that produces, maintains, licenses, and markets stock market indices.The division is notable for FTSE 100 Index, Russell 2000 Index, among other indices.

The brand and division FTSE Russell was introduced in 2015, while integrating the indexing services of FTSE index series and Russell index series. In the same year, LSEG sold Frank Russell Company’s asset management division Russell Investments. Also in 2015, FTSE Russell acquired the corporate data company Mergent.

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