There are two equity boards. The main equity market takes companies that meet the Authority’s full trading requirements. The second equity market takes shares that do not meet those requirements, shares of newly established issuers, and any other instrument the Authority designates. A company on the main market must keep at least 200 shareholders, issued and paid-up capital of no less than QR 40 million or its equivalent, shares available for trading equal to at least 10% of issued and paid-up capital, and shareholders’ equity of no less than 75% of paid-up capital unless it is under a restructuring plan. On the second market the same tests fall to 20 shareholders, QR 2 million of capital, a 5% tradable proportion and shareholders’ equity of at least 50% of paid-up capital.
Orders are expressed in Qatari riyals or in another currency appropriate to the security. Trading days, trading hours and the opening and closing times are set by the Exchange and published in a Notice to members after the Authority approves them, so the timetable is a notice-level matter rather than a fixed rule. A directly listed issuer gets two years from first trading before the shareholder-count test bites, and the Authority can order it to appoint a market maker and liquidity provider if the count is still short after one year. Founders and initial major shareholders face a lock-up, and a fall in their combined holding below 40% of issued capital is treated as a disclosable event. Funds face separate size floors, QR 150 million for a real estate fund and QR 10 million otherwise.
The listed population is weighted towards banks, insurers, industrials, telecommunications and real estate. The macro backdrop is set by liquefied natural gas. The World Bank put real growth at 2.8 percent in 2025, rising to 5.3 percent in 2026 and 6.8 percent in 2027, as the North Field expansion lifts output towards 118 million tons per annum by 2027. The riyal’s peg to the US dollar anchors inflation. Public finances ran a small deficit of 0.3 percent of GDP in the first half of 2025 against a surplus of 1.2 percent a year earlier, with government debt projected around 40.5 percent of GDP and falling below 37 percent later in the horizon.
GSN covers Qatar through the Exchange’s disclosure feed, QFMA rulemaking and issuer filings: results, capital raisings, governance reports and index changes, read against the Rulebook and the listing rules.