Qatar Exchange Implements Random Opening and Closing Mechanism for Auction

The Qatar Stock Exchange announced the implementation of a random opening mechanism in the opening and closing sessions of the auction, in line with the exchange’s commitment to maintaining fair, orderly, and efficient markets, as well as with international best practices and the principles of the International Organization of Securities Commissions regarding market integrity and price-setting transparency. In a statement on Sunday, the Qatar Stock Exchange clarified that, under this enhancement, orders and the auction price for each listed security will be determined independently and randomly during the final minute of the relevant auction session, according to the Qatar News Agency (QNA). The statement noted that each security will remain in the auction phase until the system randomly selects it for opening, at which point eligible orders will be matched and executed in accordance with the prevailing auction price-setting rules.