Qatar Stock Exchange

What Qatar Stock Exchange does

Qatar Stock Exchange (QSE) is the sole licensed securities exchange in the State of Qatar, operating an electronic trading platform for equities, sukuk, conventional bonds, and ETFs across a Main Market and a Venture Market. Founded in 1995 as the Doha Securities Market and rebranded as QSE in 2009, it functions under the regulatory oversight of the Qatar Financial Markets Authority (QFMA) and is headquartered in Doha with a workforce of 101–250 employees. The exchange serves 47+ listed issuers, 7 licensed brokerages, and a retail investor base of approximately 998,827 shareholders, and is integrated into global index products through relationships with MSCI (including the QSE 20 ESG Index) and FTSE Russell.

The platform's revenue model is built on three pillars: (1) transaction fees of 0.00275 per QR 1,000 of traded value applied to both counterparties; (2) annual listing fees of 0.03% of issued capital for Main Market issuers and QAR 25,000 for Venture Market issuers; and (3) market data fees distributed through a partnership with LSEG/Mitch, supplemented by distribution via TradingView. With an aggregate market capitalization of approximately QAR 604.2 billion and daily traded value of roughly QAR 321.7 million, QSE provides the central price-discovery and capital-formation venue for one of the GCC's wealthiest economies.

QSE's strategic posture is increasingly outward-facing. Recent initiatives include a New York roadshow at Bank of America, co-launching a ~$200M Franklin Templeton Qatar Equity Fund with QIA and Fiera Capital, listing the first QR 500M Green Sukuk (AlRayan Bank) and the largest QR-denominated bond to date (QNB Group, QR 1B), opening retail bond trading via QNB Financial Services with reduced minimum ticket sizes, and onboarding new issuers such as Dandy. The XBRL Q-Disclosure system and MSCI ESG Index collaboration indicate ongoing investment in regulatory technology and ESG-aligned product infrastructure.

Name

Qatar Stock Exchange

Legal name

Qatar Stock Exchange

Website

https://qe.com.qa

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

Qatar Stock Exchange is the sole licensed securities exchange in Qatar, operating an electronic platform for equities, sukuk, bonds, and ETFs. It serves 47+ listed issuers, 7 licensed brokerages, and approximately 999,000 shareholders under QFMA regulatory oversight.

Ownership category

akta.pro rank

Product category

Securities Exchange / Capital Markets Infrastructure

NAICS

Securities and Commodity Exchanges (52321)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Primary Listing Stock Exchanges (FSAFAAAA)

Keywords

• Securities exchange operations
• Equity trading platform
• Capital markets infrastructure
• Market data services
• Listing and IPO services

Headquarters

HQ city

Doha

HQ country

Qatar

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Trading Transaction Fees: Brokerage commission charged on each buy and sell transaction at 0.00275 (QR 2.75 per QR 1,000 of transacted value), collected from each party with a minimum QR 30 per party.
2. Annual Listing Fees: Annual listing fees charged to listed companies: 0.03% of issued capital for Main Market companies; flat QAR 25,000 for Venture Market companies (waived for the first year).

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Qatar Stock Exchange operates the sole licensed securities exchange in Qatar, providing regulated trading venues for equities (Main Market and Venture Market), debt securities (government and corporate sukuks, bonds, treasury bills), and Exchange Traded Funds. The exchange offers listing services, market data products, equity indices including the QE Index and MSCI QSE 20 ESG Index, and supporting infrastructure such as market making, liquidity provision, and XBRL-based Q-Disclosure regulatory reporting.

Product overview

Qatar Stock Exchange operates as a diversified capital markets platform with multiple market segments and data services. The core offering includes the Main Market for established public companies, the QE Venture Market for smaller growth companies, and a Debt Market for fixed-income securities (government sukuks, government bonds, T-bills, corporate sukuks, and corporate bonds). The exchange also lists two Exchange Traded Funds (QE Index ETF and Al Rayan Qatar ETF). QSE provides a comprehensive suite of equity indices including the QE Index (tracking 20 largest stocks), QE All Share Index (comprehensive market benchmark), QE Al Rayan Islamic Index (Sharia-compliant), and the MSCI QSE 20 ESG Index (ESG-focused). Supporting infrastructure includes Market Making and Liquidity Provision services, plus an extensive data product portfolio covering Real-Time Data Feed (via Mitch/LSEG), Daily Trading Reports, Snapshot Data, Historical Data, Tick Data History, Orderbook Rebuild data, Ownership Reports, and Shareholder Activity Reports. The exchange also provides the Q-Disclosure XBRL-based regulatory reporting platform. The platform is accessible via Market Watch for real-time monitoring, with additional analytics services for Financial Indicators and Free Float/Ownership data.

Differentiator

Problem solved

Functional benefit

Products and services

• Main Market QSE's flagship market for leading Qatari public joint stock companies with experienced management teams, providing a regulated listing venue with full disclosure requirements and corporate governance practices. Investors access this market via the seven licensed brokerages.
• QE Venture Market Alternative market for smaller entrepreneurial Qatari companies with more limited track records, providing flexibility in listing requirements while benefiting from the same regulatory safeguards as the Main Market. Companies are expected to graduate to the Main Market as they grow. QDB partners with QSE to fund listing advisory fees for SMEs via the Listing Cost Financing Program.
• Debt Market Market for trading fixed-income securities including government sukuks, government bonds, treasury bills, corporate sukuks, and corporate bonds. The most recent notable issuance was QNB Group's QR 1 billion bond (largest Qatari riyal-denominated bond in QSE history, February 2026) and AlRayan Bank's first Green Sukuk worth QR 500 million (February 2026).
• Exchange Traded Funds (ETFs) Open-ended funds that passively track benchmark indices, providing investors with diversified exposure to securities. QSE lists the QE Index ETF tracking the QE Index of 20 largest and most liquid stocks and the Al Rayan Qatar ETF tracking the QE Al Rayan Islamic Index for Sharia-compliant exposure.
• MSCI QSE 20 ESG Index ESG-focused equity index collaboration between MSCI and QSE that identifies the top 20 securities within the MSCI Qatar IMI Index demonstrating the best Environmental, Social and Governance profile. The index enables ESG-focused institutional investment in Qatari equities.
• Real-Time Market Data Feed Professional real-time market data feed distributed via Mitch/LSEG Exchange Data Publisher, providing low-latency trade and orderbook information for QSE-listed equities, t-bills, and indices. Includes full orderbook (market by order) and all levels of market by price data, delivered via leased line or VPN connection to licensed data vendors and financial institutions.
• Q-Disclosure (XBRL Regulatory Reporting) XBRL-based reporting and disclosure system covering both Financial Statements (annual, semi-annual and quarterly) and non-financial disclosures including corporate announcements, corporate actions and regulatory announcements. Mandatory for listed companies since October 1, 2020. Web-based, available in Arabic and English, aligned with IFRS, with sector-specific taxonomy for Banks & Financials, Insurance, Real Estate and Other sectors.
• Market Making and Liquidity Provision Services Regulated services provided by five approved market makers (The Group Securities, QNB Financial Services, Wasata Financial Securities, Commercial Bank Financial Services, Qatar Securities Company) and approved liquidity providers to enhance price stability and trading liquidity for securities on QSE, covering major banks, industrials, insurance companies, and ETFs.
• QE Index and QE All Share Index Benchmark equity indices for Qatari capital markets. The QE Index measures the 20 largest and most liquid stocks, weighted 50% by free float market capitalization and 50% by average daily value traded, rebalanced semi-annually with a 15% individual constituent cap. The QE All Share Index covers all listed stocks with share velocity greater than 1%, providing comprehensive market coverage with over double the constituent count.
• QE Al Rayan Islamic Index Sharia-compliant equity index for Islamic securities trading on QSE, available in both price return and total return versions. Supports Sharia-compliant investment mandates and passive products such as the Al Rayan Qatar ETF.
• Market Watch Platform Real-time market monitoring platform accessible at qe.com.qa/wp/mws/index/en, providing stock prices, indices, trading performance, ownership demographics, and market data for QSE-listed securities. Includes investor authentication via Two-Factor Authentication (2FA) for the My QSE account services.
• QSE Data Products and APIs Comprehensive suite of market data products delivered via APIs, including Daily Trading Report (end-of-day OHLCV via API), Snapshot data feed (real-time per-security XML), Historical data (customizable OHLCV), Tick Data History (intraday data back to 2012), Rebuild Orderbook (end-of-day order book activity since 2021), Actual Ownership (daily breakdown by demographics), Shareholder Activity (daily buy/sell by nationality), Market Share (member performance rankings), and Participant Trading Data (intraday tick-by-tick by member). Technical specifications via HTTP Data Interfaces Manual and SOAP Data Interfaces Manual.
• Free Float and Ownership Reports Statistical reports providing information about share capital of listed companies, free float shares, and ownership percentages for all listed companies on QSE.
• Financial Indicators Service Key financial indicators including dividend yield, Price Earnings (PE) ratio and Earnings Per Share (EPS) for listed companies, sectors and the overall QSE market.

Quantifiable outcome

• Market capitalization of QR 604.2 billion (~$166 billion) as of July 2026
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles5 records

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• United Nations (Sustainable Stock Exchange Initiative)coreStrategic or Co-development Partner · 1 January 2016QSE became a signatory to the UN SSE initiative in 2016, committing to promote corporate investment in sustainability by providing a platform for exchanges, investors, listed companies, regulators, and international organizations to assess ESG performance.
• Iridium (Investor Relations Excellence Program)coreStrategic or Co-development Partner · 1 January 2015QSE partnered with Iridium in 2015 to launch the Investor Relations Excellence Program, aimed at improving IR standards and practices among QSE-listed companies. The program facilitates constructive dialogue between listed companies and the investor community.
• MSCIcoreTechnology or IntegrationCollaboration to launch the MSCI QSE 20 ESG Index, identifying the top 20 securities within the MSCI Qatar IMI Index demonstrating the best ESG profile. This index enables ESG-focused investment in Qatari equities.
• LSEG Exchange Data Publisher (Mitch)coreTechnology or IntegrationLSEG Exchange Data Publisher provides the Mitch low-latency real-time data feed for QSE, disseminating trade and orderbook information for listed instruments, market statistics, and last trade data for equities, t-bills, and indices.
• Qatar Financial Markets Authority (QFMA)coreOthersQFMA is the independent regulator of Qatar's financial markets, established under Law No. 8 of 2012. QSE operates under QFMA oversight and licensing, and both entities jointly develop regulatory frameworks, XBRL-based disclosure systems, and participate together in international conferences.
• Qatar Central Securities Depository (QCSD)coreOthersQCSD is the sole licensed depository in Qatar for safekeeping, clearing, and settlement of securities listed on QSE. QSE works with QCSD to ensure seamless trade settlement on a T+2 basis.
• Qatar Development Bank (QDB)coreStrategic or Co-development PartnerQSE and QDB jointly operate the QE Venture Market Listing Cost Financing Program, where QDB funds listing advisory fees for Qatari SMEs seeking to list on the Venture Market, supporting entrepreneurship and capital market development.
• FTSE RussellcoreTechnology or IntegrationFTSE Russell conducts quarterly index reviews of the FTSE Global Equity Index Series, which affects QSE-listed company inclusion and drives passive institutional investment flows into the Qatari market.
• Bank of AmericaminorGTM or Marketing PartnerBank of America hosted QSE's New York roadshow in November 2025, providing a platform for QSE to showcase Qatar's blue-chip listed companies to global institutional investors.

Scale indicators8 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Abu Dhabi Securities Exchange (ADX): ADX operates as a national securities exchange in the UAE serving regional issuers and investors. Comparable to QSE as a Gulf stock exchange with similar transaction-fee and listing-fee revenue models, monopoly status, and MSCI/FTSE index inclusion dynamics.
• Dubai Financial Market (DFM): DFM is Dubai's primary securities exchange with a comparable equity, debt, and ETF product suite and similar GCC investor base. Like QSE, it operates as a regulated national exchange with listing fees, trading commissions, and market-data revenue streams.
• Saudi Exchange (Tadawul): Tadawul is the dominant stock exchange in Saudi Arabia with substantially larger market cap and listings. Comparable business model (transaction fees, listing fees, data services) and Gulf-region positioning, though materially larger in scale than QSE.
• Boursa Kuwait: Boursa Kuwait operates Kuwait's national securities exchange with Main, Premier, and auction markets plus ETFs. Closely comparable to QSE in Gulf capital-markets structure, regulatory oversight, and product breadth including Islamic indices.
• Bahrain Bourse (BHB): Bahrain Bourse is Bahrain's national exchange with Main Market, Fixed Income, and ETF/REIT segments. Direct peer to QSE in GCC capital-markets context, sharing monopoly structure, FTSE/MSCI inclusion dynamics, and Sharia-compliant index products.
• Muscat Stock Exchange (MSX): MSX is Oman's national securities exchange with regular and parallel (growth) markets plus debt and ETF listings. Comparable to QSE as a smaller GCC national exchange with similar regulatory and product architecture.

Regional players

• Egyptian Exchange (EGX): EGX operates Egypt's primary equity and debt exchange serving regional issuers and MENA investors. Comparable to QSE in product mix (equities, bonds, ETFs) and regional capital-markets role, though materially larger and more liquid.
• Amman Stock Exchange (ASE): ASE is Jordan's national exchange with First, Second, and Third Markets plus bonds and ETFs. Comparable regional peer to QSE with similar multi-tier market structure and MENA-focused investor base.

Broad incumbents

• London Stock Exchange Group (LSEG): LSEG operates the London Stock Exchange plus global data/infrastructure (Refinitiv, FTSE Russell). Comparable to QSE via Mitch data-feed partnership and shared FTSE index licensing; broader incumbent serving as QSE's technology and index partner rather than direct competitor.

Others

• MSCI Inc. MSCI is a global index provider partnered with QSE for the MSCI QSE 20 ESG Index. Adjacent ecosystem participant — not a competing exchange — but directly comparable as an enabler of international capital flows into Qatari equities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/qatarbursa
• Facebookfacebook.com/qatarexchange
• LinkedInlinkedin.com/company/qatar-stock-exchange

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Qatar Stock Exchange