Link established between Muscat and Abu Dhabi stock exchanges
A link was established between the Muscat Stock Exchange and Abu Dhabi Stock Exchange on Tuesday. Investors will now be able to deal with both markets directly regardless whether they are in Oman or the UAE.
Ahmad Al-Marhoun, General Director of the Muscat Stock Exchange, explained that brokers in both exchanges signed an agreement stipulating methods of training and transaction, according to <i>KUNA</i>.
The new line will allow brokers in one country to execute transactions for their clients in companies listed in the stock exchange of the other country.
Marhoun added that a memorandum of understanding set legal and legislative regulations for the link.
He also stressed that the new link would allow investors greater opportunities in dealing directly in the other exchange through their brokers.