MARKET INFORMATION
Muscat Securities Market (MSM)
http://www.msm.gov.om/

 

Trading Hours

Pre-opening session

09:30 – 10:00

Continuous Trading

10:00 – 14:00

Closing Auction

14:00 - 14:15

Time Zone

GMT+4

Trading Days

Sunday – Thursday

Sunday – Thursday

Omani Riyal (OMR)

 

Main Index

Muscat Securities MSM30 Index includes the top 30 companies in terms of liquidity, profitability and market cap and its weighted by mkt cap

Reuters code

.MSI

Bloomberg code

MSM30

Exchange Code

Reuters

OM

Bloomberg

OM

Trading ID/ Trading Requirements

Depositary number/Folio number or NIN

Settlement Cycle

T+3

Current Index Status

MSCI FM - FTSE FM

Market Cap

USD32.3 bn
Average Daily Value Traded
YearAVG VALUE TRADED
2023 $10.3mn
2024 $13.2mn
MARKET DYNAMICS

Stock Limit
Up/Down

+/-10%
from previous close.

If a stock is bid at limit up (+10% from PC) without trading for a while, a broker can request the exchange to increase the limit up by an additional 10% bringing the total to 20% from PC. The exchange then has the discretion to approve or reject this request. However, this mechanism does not apply in the case of a limit down.

OMR
Tick Size

 

Price Range

Tick
Size

From

To

0.001

0.300

0.001

0.302

0.600

0.002

0.604

1.00

0.004

1.00 and above

0.005

Board
Lot

No Board Lots.

Crosses

 

Crossing can be done in market spread during the regular trading.

Off-Market
Crosses

There is a market for block trades with the following criteria:
1) Value of the trade should at least be OMR 300,000 each leg.
2) Crossing can take place within +/-15% from previous close.
3) Trading hours from 10:00 - 14:00

Official
Closing Price

Matched price in the closing auction (with a min of OMR2,000) or the last traded price prior to the auction.

Closing Auction

15 minute auction from 14:00 till 14:15. The first 10mins is a price discovery session
(where the first 7 mins: any changes are possible, following 3 mins: additions only possible).
The last 5 minutes is for trading at the matching price (Trading at Last).

Iceberg Orders

Available

MARKET REGULATIONS
Foreign Ownership Restriction
The general rule is that foreigners may own up to 70% of non-banking stocks and 49% of the listed banks; however, this rule varies as per the articles of each company and bank.

Also it’s worth noting that in some cases, GCC investors are considered foreigners and in some cases they are not.

Current FOL is disclosed on the official website
Disclosure Rules
At 10% ownership and more, a public disclosure is required post trading and incase the company in question is a bank, then the Central Bank’s approval is required before reaching 10% ownership and at every share bought afterwards.
Securities Lending
Not permitted
Short selling
Not permitted
Crossing Restrictions
Same NIN crossing is permitted
Timeline for New ID Setup
None
Failing Trades
Sales
If a sell trade does not settle by the market settlement cut-off on T+3 at 11:50 AM (local time), the trade will enter the failing process.
- A late confirmation window is available from T+3 after 11:50 AM until 11:00 AM on T+4
- A daily late settlement fee of OMR 50 per trade will be charged by the end-client custodian
- If the trade remains unsettled after T+4 cut-off (11:00 AM) it goes to sell-out / buy-in in the normal market
Buy-in charges applicable to failing sell trades:
- OMR 5 per trade per day
- 1% fine on the gross trade value (Minimum OMR 50 Maximum OMR 2,000)
- Any price difference resulting from the sell-out or buy-in plus market and clearing fees
* Any realized gains, including cash dividends, securities dividends, or other rights arising from the buy-in process, are retained by the market.
* If settlement is still not completed, the trade will be closed on T+6, and the purchasing shareholder will be compensated in cash.

Purchases
If a buy trade does not settle by the market settlement cut-off on T+3 at 11:50 AM (local time), the trade will enter the failing process.
- A late confirmation window is available from T+3 after 11:50 AM until 11:00 AM on T+4
- A daily late settlement fee of OMR 50 per trade will be charged by the end-client custodian
* If the trade remains unsettled after T+4 cut-off (11:00 AM) it goes to sell-out / buy-in in the normal market, no later than T+6.
* The end client will bear any price difference plus market, clearing, and settlement fees associated with the failure
MARKET FEES & TAXES
Market Fees 10 bps
Withholding Tax None
Capital Gain Tax None
Dividend Tax None
VAT 5%