Year in review
The Federation of Euro-Asian Stock Exchanges
Muscat Stock Exchange
About Company
Established: 1988
Address: P.O Box 3265 Postal Code: 112 Ruwi,
Sultanate of Oman
Contact Name: Raid Al Hooti
Email: [email protected]
Website: www.msx.om
- Joined FEAS in 2001-
Haitham Al Salmi
Chief Executive Officer
The year 2021 marked the beginning of a new era for the capital market sector in the Sultanate. represented by the transformation of the Muscat Securities Market from a government institution affiliated with the Capital Market Authority to the Muscat Stock Exchange Company (SAOC) owned by the Oman Investment Authority.
To carry out its activity to operate commercially, marking the beginning of a new era that will eventually lead to the complete transfer of the activity of the Stock Exchange to the private sector.
With this, Muscat Stock Exchange has launched its new vision and identity towards another chapter of ambition, enhancing its role in economic development in Oman and providing a diverse investment climate with opportunities for local and international investors.
The year 2021 also witnessed the launch of a new trading system, which is the Optic system from Euronext, in addition to the launch of the new Surveillance system KX from First Derivative Company. Leading to the infrastructure of the stock exchange becoming renewable and integrated with the transformation of the structure and in line with the vision of Oman 2040, which included the integration of all sectors to create and enhance a competitive business environment and make it an attractive one. In terms of stock exchange activity, the first year of transformation into a company was promising, and it recorded many achievements, which were represented by the growth of the general index of the stock exchange by 12.87%. Its trading volumes also increased by 86% compared to the previous year 2020. The Muscat Stock Exchange has developed a clear roadmap within the framework of the strategy set so that its implementation leads to the achievement of many achievements and transformations, which will have a very positive impact on the performance of the stock exchange in the future. As well as achieving its ambitions in raising its global assessment, which we hope will take place soon. From this point of view, we defined the message/mission of the stock exchange. The message was clearly stated as follows: "Providing an efficient investment environment, toward diversifies prospect pf the opportunities integrated with the national economy.
With our reformed exchange, MSX strategies focuses enhancing market attractiveness and accessibility as well widening investment instruments listed in the exchange in order to achieve market upgrade in global indices as emerging market.