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
2022 was a distinguished year for Muscat Stock Exchange (MSX) after the beginning of a new era for the capital market sector in Oman represented by the transformation of the Muscat Securities Market from a government institution to the Muscat Stock Exchange Company (SAOC) owned by the Oman Investment Authority (OIA). As well, it represented the year of recovery after the pandemic of covid-19 and prepare for the new role in economic development and providing an efficient investment environment, toward diversifies prospect of the opportunities integrated with the national economy.
MSX achieved significant growth as it closed the year 2022 at 4,857.439, having increased by 728 points – an impressive growth of 17.6 per cent during the year. With this growth, the MSX is the second best GCC market performer in 2022 after ADX of Abu Dhabi. Recorded a trading value of more than RO 940 million and the daily trading average trading value was RO 3.8 million in 2022, compared to RO 3.3 million last year (2021).
In 2022 MSX achieved various achievements and challenges during the year towards achieving its vision of being a world-class exchange with global presence. And to attain this, MSX has removed all restrictions imposed on foreign ownership, making the market 100% accessible to foreign investors. Activate the public offering in cooperating with the Omani Investment Authority (OIA) to include a number of State-owned-entities within the OIA a privatization & listing plan, which will enhance trading volumes and deepen the stock exchange. Launched the new pricing mechanism (Trade at last) to ensure compliance with best international practices and a three new total return indices for industrial, financial and services sectors. Additionally, Signed a cross listing agreement with Tadawul Group and ADX, and MSX and Tadawul have
commenced the testing phases of the cross-listing technical link. Signed MoUs with regional markets including Saudi Tadawul, ADX, Bahrain Bourse, and Iraq Stock Exchange. Joined the Tabadul Hub project initiated by ADX to enable regional trading among licensed members in the GCC, and to boost integration of regional markets. Conducted a feasibility study to create an SME market and in light of that MSX signed MoC with Riyada to establish SME exchange and creation of new financing tools through listing SME’s. Organized the first promotional conference “MSX Investors Roadshow” for MSX listed companies to attract the attention of
MSX signed an agreement with Al Ramz Corporation to conduct an extensive study on market reforms, and provide support to enhance market accessibility, liquidity, and attract IPOs.
MSX Investors Roadshow
-Moving toward Sustainability.
-Removed all restrictions imposed on foreign ownership, making the market 100% accessible to foreign investors.
-Launched 3 new total return indices for industrial, financial and services sectors.
-Signed an MoC with Riyada
to encourage the listing of SMEs at the MSX.
-Signed a cross listing agreement with Tadawul Group and ADX, and MSX and Tadawul have commenced the testing phases of the cross-listing technical link.
- Signed MoUs with regional markets including Saudi Tadawul, ADX, Bahrain Bourse, Iraq Stock Exchange
MSX the exchange of opportunities
MSX employees
Project of the year
Event of the year
Change of the year
Accomplishment
of the year
Word of the year
Person of the year