Six-pronged strategy to boost Muscat Stock Exchange
Published: 02:06 PM,Jun 21,2023 | EDITED : 06:06 PM,Jun 21,2023
The Muscat Stock Exchange (MSX), in partnership with the National Program for Financial Sustainability and Financial Sector Development, has announced six initiatives designed to invigorate and enhance the allure of the stock exchange, bolster its position, and foster increased investment.
These groundbreaking initiatives were unveiled during a well-attended press conference organized by the Muscat Stock Exchange today. They encompass a wide range of areas within the market, including industry representation, securities lending and borrowing, pooled trading accounts, the creation of a market for companies and institutions, tripartite governance, and the establishment of a liquidity fund.
The Director of the National Program for Financial Sustainability and Development of the Financial Sector emphasized the program's unwavering commitment to a strategic direction focused on continuous improvement of the state's public finances and strengthening the financial sector's capacity to adapt to forthcoming transformations in the investment landscape. The ultimate goal is to elevate the competitiveness rate.
Moreover, there is a steadfast dedication to supporting the private financial sector by providing tailor-made financing options for diverse groups.
The Director underlined the support for the capital market, with a particular emphasis on expanding the size and depth of the Muscat Stock Exchange, enhancing its liquidity, and boosting the efficiency and competitiveness of the financial services sector.
The CEO of the Muscat Stock Exchange expressed a resolute determination to establish an efficient investment environment that adheres rigorously to the best global standards and practices. The objective is to present a diverse array of opportunities that align seamlessly with the vision laid out in Oman Vision 2040.
The CEO also disclosed that the stock exchange has granted approval to two companies to assume the role of market makers. This pivotal move aims to ensure the availability of liquidity for securities while maintaining a delicate equilibrium between supply and demand.
These groundbreaking initiatives were unveiled during a well-attended press conference organized by the Muscat Stock Exchange today. They encompass a wide range of areas within the market, including industry representation, securities lending and borrowing, pooled trading accounts, the creation of a market for companies and institutions, tripartite governance, and the establishment of a liquidity fund.
The Director of the National Program for Financial Sustainability and Development of the Financial Sector emphasized the program's unwavering commitment to a strategic direction focused on continuous improvement of the state's public finances and strengthening the financial sector's capacity to adapt to forthcoming transformations in the investment landscape. The ultimate goal is to elevate the competitiveness rate.
Moreover, there is a steadfast dedication to supporting the private financial sector by providing tailor-made financing options for diverse groups.
The Director underlined the support for the capital market, with a particular emphasis on expanding the size and depth of the Muscat Stock Exchange, enhancing its liquidity, and boosting the efficiency and competitiveness of the financial services sector.
The CEO of the Muscat Stock Exchange expressed a resolute determination to establish an efficient investment environment that adheres rigorously to the best global standards and practices. The objective is to present a diverse array of opportunities that align seamlessly with the vision laid out in Oman Vision 2040.
The CEO also disclosed that the stock exchange has granted approval to two companies to assume the role of market makers. This pivotal move aims to ensure the availability of liquidity for securities while maintaining a delicate equilibrium between supply and demand.