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The Qatar Stock Exchange announced the results of MSCI’s August 2026 quarterly review for its equity indexes, which will move Qatar Fuel Company from the Qatar Mid Cap Index to the Small Cap Index. MSCI will also remove MEEZA QSTP from the Qatar Small Cap Index as part of the same process. The exchange published the outcome on its website following the global index provider’s disclosure of additions and deletions across multiple markets.
These reclassifications and deletions will take effect after the close of trading on August 31, 2026, in line with the schedule outlined by MSCI in its pre-review announcement on August 5. MSCI conducts full quarterly reviews in February and August in addition to semi-annual reviews in May and November. The assessment relies on several quantitative thresholds that include foreign free-float adjusted market capitalisation, trading volume, liquidity metrics and overall size criteria, according to the exchange.
MSCI data places the MSCI Qatar Index market capitalisation at $57.29 billion with 12 constituents that together capture approximately 85 percent of the free float-adjusted market capitalisation in the country. The related iShares MSCI Qatar ETF, which tracks a capped version of the benchmark, recorded a year-to-date total return decline of 3.34 percent as of August 11, according to iShares figures. A parallel February 2026 review had produced its own set of adjustments for Qatari and other regional securities, MSCI records show.
The August 2026 review announcement was posted by MSCI on its website shortly after 11 p.m. Central European Summer Time on August 12, with summaries distributed via Bloomberg and Reuters terminals. Qatar Stock Exchange officials noted that the changes reflect routine maintenance of the indexes rather than any fundamental shift in eligibility for the broader MSCI Emerging Markets framework that includes Qatar. Previous August reviews, such as the 2025 edition reported by Qatar News Agency, had left the status of most Qatari companies unchanged.
The Qatar Stock Exchange operates the primary equity market in the country and maintains its own suite of domestic indexes that operate independently of the MSCI benchmarks. Its website now carries the full details of the latest MSCI adjustments alongside real-time trading data for all listed securities. The exchange has increasingly aligned its disclosure practices with international standards to support the participation of global institutional investors who rely on MSCI classifications for portfolio allocation decisions.
