Muscat Securities Market

IntroductionAs emerging markets fund managers have scanned the world looking for virginal investment opportunities in recent years, the Gulf States have in the main been unnoticed. Oman, however, has begun to open its door to overseas buyers. The Muscat Securities mart (MSM) was officially formal in June 1988, with art beginning in whitethorn of the following year. Since then, it has rapidly expanded with turnover increasing from $24.7 in 1989 to around $200 million per annum. It is anticipated that, as the coat of it of the market grows and as foreign buyers commence to arrive, the liquidity of shares in the market should augment further. From a starting point of 75 listed companies in the exchange?s first year of operations, the chomp of quoted companies has now amplified to 95. These have a combined total rise of over $1.7bn. The 10 largest companies, which are profiled below, account for two-fifths of the market, which has now managed to botch up over 60,000 shareh olders, a not inconsiderable routine in a country of two million people.

The Omani bourse consists of 3 main sections: The Regular Market - for the main corporations in Oman, who converge the strict listing criteria, the Parallel Market - for lately established companies and those which have ceased to satisfy the criteria for a full listing on the regular market, such as those which have incurred a privation in the last art year, the Third Market - off-floor trading for business entities which are not joint form companies or have a subscribed capital of little than RO 500,000. thither are 9 brokerage firms operating in the MSM 2 of wh ich act solely as underwriters, with the rem! aining heptad trading on the floor on behalf of investors as hygienic as on their own account. Since its inception, the main share magnate has... If you expect to get a full essay, order it on our website: BestEssayCheap.com

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