Qatar Exchange (QE) yesterday said a listed company would be taken off the index if its share trading remains interrupted or suspended for 30 days.
The bourse said this in relation to the change in methodology to QE Index it is bringing in, effective from October 1 this year.
“If regular trading in shares of a constituent is interrupted or is suspended for 30 trading days, the company in question will be immediately and automatically removed from the index,” a bourse spokesman said, adding no replacement would be made until the next review period.
The results of the semi- annual reviews will be announced September 17, 2012 and October 1, 2012 that mark the rebalance date of all QE indices.
“If two weeks prior to the effective date of a rebalance, a qualifying stock is found to be suspended for a period greater than five trading days, it will not then be considered for index inclusion as of the rebalance date,” the QE said.
The exchange had in April this year introduced two more indices — Total Return Index and All Share Index (both incorporating from dividend income and share price) apart from the existing QE Index (based on price data only).
From gulf times.