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The Qatar Stock Exchange announced the outcomes of the FTSE Russell Global Equity Index Series September 2026 semi-annual review, which will see two Qatari companies removed from the Micro Cap segment with no new inclusions or reclassifications recorded for the local market. According to the QSE statement, the adjustments become effective at the close of trading on September 17, 2026. The exchange noted that announced changes remain subject to possible revision until the close of business on September 4, becoming final from September 7.
Mosanada Facilities Management Services and QLM Life and Medical Insurance Company are the two entities slated for deletion from the Micro Cap segment, the QSE said. Mosanada, which had been added to the index in the June 2026 quarterly review following its direct listing on the QSE in December 2025, provides facility management services for major public and sports venues in Qatar. QLM, a leading medical insurer with strong capital adequacy according to S&P Global Ratings assessments, reported insurance revenue growth in the first half of 2026.
FTSE Russell’s review process for the Global Equity Index Series involves regular assessments based on market capitalisation, liquidity and other criteria across multiple regions. A recent FTSE Russell document outlined the review schedule for 2026, with the September semi-annual review using data from the end of June. Such periodic updates help maintain the indices’ representation of global equity markets.
Qatar is classified as a secondary emerging market in the FTSE Global Equity Index Series, a status that followed its upgrade from frontier markets. According to FTSE Russell country classification updates, this positioning draws attention from international investors tracking the FTSE Emerging Markets Index. The index serves as a key benchmark for numerous global funds.
In the March 2026 semi-annual review, the QSE had reported additions including Zad Holding to Micro Cap and deletions of several other firms, demonstrating the dynamic nature of index composition. Similar patterns were observed in other emerging markets during the latest review, with multiple Indonesian stocks also deleted from various segments. These adjustments can prompt rebalancing by passive funds, potentially impacting trading volumes on the QSE.
The significance of index membership extends beyond the immediate changes, as inclusion often correlates with increased foreign investment inflows into the affected securities. QSE has been working to enhance its appeal to overseas portfolios through measures such as raised foreign ownership limits. Market participants monitor FTSE Russell outcomes closely for signals on liquidity and investor interest.
