Qatar’s economy is centred on oil and gas, finance, and construction. These publicly listed firms lead the stock market by capitalisation, which is calculated by multiplying a company’s share price by the total number of outstanding shares – as of 22 April 2026.
Our rankings below show the leading Qatari companies by market capitalisation as of 22 April 2026. Each company’s market cap is presented in USD, together with its latest share price.
| Rank | Company | Market cap (USD) | Share price (USD) |
|---|---|---|---|
| 1 | QNB (Qatar National Bank) | $45.1bn | $4.95 |
| 2 | Industries Qatar | $20.2bn | $3.34 |
| 3 | Qatar Islamic Bank | $14.9bn | $6.29 |
| 4 | Ooredoo Qatar | $11.7bn | $3.66 |
| 5 | Qatar Gas Transport Company | $6.7bn | $1.21 |
| 6 | Ezdan Holding Group | $6.5bn | $0.24 |
| 7 | Masraf Al Rayan | $5.7bn | $0.61 |
| 8 | Dukhan Bank | $5bn | $0.95 |
| 9 | The Commercial Bank (P.S.Q.C.) | $4.9bn | $1.20 |
| 10 | Estithmar Holding | $4.8bn | $1.07 |
The information on this page is based on public filings and exchange data in Qatar. It is provided for informational purposes only and does not represent investment advice or a recommendation to trade. Figures are accurate as of the stated date but may be updated without notice.
The Qatar Stock Exchange (QSE) is the main regulated market for publicly listed Qatari companies and operates under the supervision of the Qatar Financial Markets Authority. In the first trading session of 2026, the QSE general index rose 9.88 points, or 0.09%, to 10,772, with banks, financial services, and consumer goods among the early gainers (Qatar News Agency, 4 January 2026). By mid-April 2026, the index was trading near 10,747, indicating limited movement over the period despite wider volatility across emerging markets (The Peninsula Qatar, 15 April 2026). One way market participants assess listed companies is through market capitalisation, which is calculated by multiplying a company's share price by its total number of outstanding shares. This helps show the relative size of a company within the exchange. On the QSE, banking, energy, and telecom names make up many of the largest constituents and account for a significant share of trading activity and turnover (Zawya, 3 April 2026).
Qatar's economic backdrop in 2026 appears relatively strong within the Gulf region. Fitch Solutions forecasts real GDP growth of 5.2% for Qatar in 2026, compared with a GCC-wide forecast of 4.8%, while the Mastercard Economics Institute projects 4.9% growth for Qatar against a global estimate of 3.1% (The Peninsula Qatar, 19 December 2025). Both forecasts point to LNG expansion and ongoing investment activity as key drivers (Sahmik, 22 December 2025). This matters for the QSE because broader economic conditions can affect company earnings, sector performance, and market sentiment. In Qatar, that link is especially relevant for energy, banking, and infrastructure-related stocks, which feature prominently on the exchange. At the same time, macroeconomic strength does not remove risk, and listed companies can still face pressure from changes in commodity prices, project timelines, external demand, or broader shifts in regional and global market conditions.
Qatar's energy sector remains central to the domestic economy and continues to influence QSE-listed industrial and energy-linked companies. A major focus is QatarEnergy's North Field East expansion, the first phase of a wider plan to raise LNG export capacity to 142 million tonnes a year by 2030, up from 77 million metric tonnes in 2024 (Middle East Council, 26 January 2026). The first production timeline has reportedly shifted to as late as Q4 2026, which shows that long-term growth plans can still face timing changes (Bloomberg, 9 February 2026). For listed firms, these projects may shape expectations around future revenue and earnings, particularly for companies with direct or indirect exposure to hydrocarbons and related industries. Industries Qatar, for example, had a market capitalisation of $20.2bn on 22 April 2026, making it the second-largest company on the QSE. While rising LNG demand may support the sector over time, outcomes can still vary depending on pricing, supply conditions, and project execution.
Banking is one of the largest parts of the QSE by market capitalisation, spanning both conventional and Sharia-compliant institutions. Qatar Islamic Bank (QIB), one of the exchange's largest listings, reported Q1 2026 net profit of 985.6 million QAR, while total shareholders' equity reached 29.4bn QAR as of 31 March 2026, up 9.4% year on year (Qatar News Agency, 15 April 2026). Other large listed banks include Masraf Al Rayan, Dukhan Bank, and The Commercial Bank, which together reflect the scale of Qatar's financial sector. Across the exchange more broadly, combined net profits for QSE-listed companies rose by 2.31% to 26.67 billion QAR in H1 2025, compared with 26.07 billion QAR in the same period the prior year (Qatar Tribune, 18 August 2025). Islamic finance also holds a visible position in the market, with Qatar offering one of the highest concentrations of Sharia-compliant stocks of any major exchange, including four listed Islamic banks (Faith Screener, 7 April 2026). Even so, bank performance can still be shaped by interest rate conditions, credit demand, asset quality, and the wider economic environment.
Market capitalisation is the value of a company calculated by multiplying its share price by the total number of outstanding shares. It represents the market’s overall valuation of the firm.
To access Qatari shares via contracts for difference (CFDs), you need an account with a regulated provider that offers these instruments. Once verified and funded, you can select a Qatari share CFD and place a trade. You may wish to use a demo account first to understand how CFDs work before trading with real funds. CFDs are traded on margin, and leverage can magnify both your profits and your losses.
Risks include currency fluctuations, regional geopolitical events and commodity price movements. CFD trading also involves spread, and potential overnight financing fees, depending on your provider. CFDs are traded on margin, which means that leverage can amplify both profits and losses. Risk management tools such as stop-loss orders may help limit downside exposure. However, standard stop-loss orders are not guaranteed, and guaranteed stop-loss orders (GSLOs) incur a fee if activated.
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