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

USD22.5bn
Average Daily Value Traded
YearAVG VALUE TRADED
2022 $9.2mn
2023 $10.3mn
MARKET DYNAMICS

Stock Limit
Up/Down

+/-10%
from previous close

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: subject to a buy-in if trade fails to settle by 11:00am (local time) on T+3

Purchases: subject to a sell-out if trade fails to settle by 11:00am (local time) on T+3

Buy-in/Sell-out takes place on the normal market screens

Short Sale Penalty: 1% of Gross Amount
(min of OMR 50 & Max of OMR 2,000)

Delay Entry penalty: NO. of contracts*NO. of days *OMR 5

MARKET FEES & TAXES
Market Fees 10 bps
Withholding Tax None
Capital Gain Tax None
Dividend Tax None
VAT 5%