Measures announced to stimulate Muscat Securities Market
(MEBG) – In order to stimulate the Muscat Securities Market (MSM), the Omani body’s authorities have announced that they will allow brokers to deal on more than one stock exchange.
Speaking that the MSM annual general meeting, the organization’s chairman, Sulaiman Mohammed Al Rashidi expects that this measure “will enable brokerage firms to deal on the GCC markets” and stop liquidity squeeze influencing the market.
Strict membership requirements and fresh supervisory statutes are also under consideration. Al Rashidi said that there should be structural changes at all regional exchange
The MSM is to sign an agreement with the Bombay Stock Exchange to share trade and settlement expertise. The last year a similar agreement was concluded between MSM and the London Stock Exchange.