Muscat Securities Market
Muscat Stock Exchange ( MSX)
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| Type | Stock Exchange |
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| Location | Muscat, Oman, Sultanate of Oman |
| Founded | 2021 |
| Key people | Haitham Salim AL-Salmi CEO |
| Currency | OMR Omani Riyal |
| No. of listings | 110 companies (2022) |
| Market cap | US59.74 $ Billion(2022) |
| Volume | 4857.44 million Securities Traded (includes shares, bonds, and sukuks) / US 2.4 $ Billion volume (2022) |
| Indices | MSX 30 |
| Website | http://www.msx.om |
The Muscat Stock Exchange ( MSX) Company was established by Royal Decree No. 5/2021 on 6/1/2021 to manage the operations of the financial instruments market in the Sultanate of Oman and is wholly owned by the Omani Investment Authority (OIA[1]). The transformation of the Muscat Securities Market into a stock exchange came with the aim of separating the supervisory side from the operational side. To the stock market in the Sultanate and to enhance the investment environment and the application of best practices in risk management and price-setting mechanisms and the application of modern technology that provides the best measure of strength and security for the stock exchange in addition to developing the work environment in accordance with the best international standards.
The establishment of the Muscat Stock Exchange is considered the first step in the privatization of the Muscat Securities Market, which was established in 1989 and worked as a governmental institution affiliated with the Capital Market Authority until the issuance of Royal Decree No. 5/2021, which included the establishment of the Muscat Stock Exchange.[2]
On 4/11/2021, the Capital Market Authority granted the Muscat Stock Exchange an official license to officially replace the Muscat Securities Market, after which the transitional phase was successfully completed in accordance with Capital Market Authority Law No. 80/98 of 1998 and its amendments.
The Muscat Stock Exchange Company follows a highly professional approach in carrying out its duties and constantly seeks to update its regulations in order to enhance the efficiency of its performance in cooperation and coordination with the Capital Market Authority.
The Muscat Stock Exchange owns 72.2% of the capital of the Muscat Clearing and Depository Company SAOC, which is the central authority that carries out the tasks of clearing, settlement and deposit for the securities traded on the Muscat Stock Exchange. The company performs shareholder and custody record services for companies and investment funds.
The Muscat Stock Exchange Company is currently seeking to transform the stock market in the Sultanate into a developed and flexible market capable of competing at the regional and international levels, operating in accordance with the best international standards.
MSX 30 Index
On the first of July 2009, the Muscat Stock Exchange index (30) was amended to become an index that adopts weighting by the market value of the free shares available for trading in “Float Free” companies, which is the method adopted in most indices today.
The Muscat Stock Exchange Index (30) is characterized by the following:
A comprehensive and sensitive indicator of market performance, as it depends on the method of weighing the company according to its free market value. Therefore, it is not highly biased towards companies with a high market value, and it also gives smaller companies the ability to influence better.
An investable index so that the investor can invest in the companies included in the index sample with the same weights.
An indicator clearly and well defined, as the method of weighting the index, the method of its calculation, the criteria for selecting companies and the base year are documented and can be viewed easily by all interested parties.
Muscat Stock Exchange index guide
https://www.msx.om/MSMDOCS/downloads/ar_1619947613000_MSX30%20AR.pdf
other indicators
In addition to the MSX 30 index, there are three sectoral indices that represent the sectors in the MSM, namely: the financial sector index, the industrial sector index, and the service sector index. Each index includes the 15 best companies in terms of liquidity, profitability and market capitalization to represent the companies of that sector. All of these indicators are calculated based on the percentage of free shares available for trading, and 10% has been set as an upper ceiling for the weight of each sample company.
The Muscat Stock Exchange has contracted with IdealRatings Inc. in order to determine the companies whose business is compatible with the requirements of Islamic Sharia based on the Sharia standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), specifically the Sharia standard No. (21) that deals with securities . For more information, please see the indicator guide
The total return index is an indicator that reflects the performance of companies by measuring the movement of stock prices in addition to the reinvestment of cash dividends approved by the companies in the sample. The index aims to enable the investor to calculate the amount of total return that can be gained if he reinvests the cash profits in his investment portfolio. Therefore, this indicator is important in the accurate analysis of the market as it highlights the importance of long-term investment.
For more details, download the MSX Total Return Indices Guide
See also
References
- ^ "جهاز الاستثمار العماني", ويكيبيديا (in Arabic), 20 February 2023, retrieved 29 March 2023
- ^ "Muscat Stock Exchange". www.msx.om. Retrieved 29 March 2023.
External links
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