FEAS Yearbook FEAS Yearbook 2008 | Page 49

FEDERATION OF EURO-ASIAN STOCK EXCHANGES
SEMI ANNUAL REPORT OCTOBER 2008
MUSCAT SECURITIES MARKET
OFFICIAL 6 MONTH STATISTICS
US$ millions
Total Volume
Average Daily Volume
# Shares millions
Total Volume
Average Daily Volume
Stocks
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 923.1911
664.5499
835.5012
1,084.19
749.8325
1,799.76
6,057.02 41.9632
33.2275
37.9773
49.2812
35.7063
81.8073
46.66 422.9524
319.9177
397.6499
559.2442
362.4547
734.5072
2,796.73 19.2251
15.9959
18.075
25.4202
17.2597
33.3867
21.56
Bonds
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 0.3614
0.1333
4.389
1.5667
2.9448
2.9448
12.34 0
0
0
0
0
0.1963
0.03 0.0981
0.0497
0.0633
0.589
0.6288
0.3458
1.77 0
0
0
0
0
0.0231
0.00
Other
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 0.394
161.7633
39.7171
50.3927
64.6044
64.6044
381.48 0.0263
10.7842
2.6478
3.3595
4.307
4.307
4.24 0.3911
54.9792
8.0664
14.3127
15.3052
102.8182
195.87 0.0261
3.6653
0.5378
0.9542
1.0203
6.8545
2.18
Market Capitalization (US$ millions)
Index
Jan-08
26,392.94
9,172.11
Feb-08
29,458.07
10,362.81
Mar-08
28,126.24
10,102.57
Apr-08
31,197.61
11,210.97
May-08
12,353.90
11,554.69
Jun-08
32,518.80
11,323.04
PRACTICES & PROCEDURES
Trading
Days
Hours
Sunday-Thursday
Regular market 10:00-11:00
Parallel & bond markets 11:30-12:30
Third market 12:35-12:55
Market segmentation
Regular market, parallel & bond markets, third
market, OTC
System
Automated electronic trading system
Mechanisms
Continuous auction
Market-maker/Specialists N/A
Instruments
Shares, commercial & government bonds, Mutual
funds
Currency
Local (Omani rial)
Real time information
Best bid/ask, last price, last volume, total volume,
order book, listed company announcements
Clearing & Settlement
Central Depository
Period
Registered
Settlement
Clearing
DVP
Clearing Institution
Risk Sharing
Margin/Lending
Custodians
Muscat Depository & Reg. Co SAOC (MDSRC)
T+3
Yes, automated
Book entry
Electronic clearing linked with MDSRC
No
Clearing Dep. at MSM linked with MDSRC
No
No
HSBC
Taxes
Cash Dividends
Interest Income
Capital Gains
No taxes
No taxes
No taxes
Structure & Regulations
Legal
Government independent legal
entity
Regulation
Self
Securities market
Regulatory institutions, exchange,
regulations
and market participants jointly
Trading rules
Responsibility of Exchange
Surveillance
Yes, electronic
Corporate actions
Equity (centralized), fixed income
(centralized)
Trading halts regulations Yes
Investor protection
Yes
Foreign Participation
Foreign investors
Investment limitations
Repatriation
Allowed
No limitations
No restrictions
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