UBL Pakistan Enterprise ETF
QAT NYSE
iShares MSCI Qatar ETF · by BlackRock
QAT provides exposure to Qatari equities, dominated by Qatar National Bank and energy-related companies. Qatar is the world's largest LNG exporter and one of the richest countries per capita.
QAT: Qatar's LNG Wealth
The iShares MSCI Qatar ETF provides access to the equity market of the world's wealthiest country per capita. Qatar's economy is built on its massive natural gas reserves, which power the world's largest LNG export operation.
LNG Superpower
Qatar controls the North Field, the world's largest natural gas reservoir. QatarEnergy is expanding LNG capacity from 77 to 126 million tons per year by 2027, cementing Qatar's dominance in the global gas trade. While QatarEnergy is state-owned, the broader Qatari economy benefits enormously from these revenues.
Beyond Gas
Qatar is actively diversifying through its sovereign wealth fund (QIA), investing in global brands, real estate, and technology. The domestic market features Qatar National Bank (the Middle East's largest bank by assets) and Industries Qatar.
Top holdings
Every holding links to its own page with a live price and the full list of funds that own it.
| # | Holding | Ticker | Sector | Weight | Price |
|---|---|---|---|---|---|
| 1 | Qatar National Bank | QNBK | Financial | 28.50% | — |
| 2 | Industries Qatar | IQCD | Industrials | 12.80% | — |
| 3 | Qatar Islamic Bank | QIBK | Financial | 8.50% | — |
| 4 | Masraf Al Raya | MARK | Financial | 5.20% | — |
| 5 | Ooredoo | ORDS | Communication | 4.80% | — |
Frequently asked questions
How does Qatar benefit from the energy transition?
Natural gas is considered a transition fuel with lower carbon intensity than coal and oil. Qatar's massive LNG expansion positions it to benefit as countries shift from coal to gas as an intermediate step toward renewable energy.
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QAT discussion
Questions on fair value, cost, dividends and risk — answered with the fund data on this page.
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QAT price prediction 2026: what actually drives it?
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Is QAT a good long-term hold, or too concentrated?
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