Six initiatives to develop MSX unveiled

Muscat: Acting in cooperation with the National Programme for Fiscal Sustainability and Financial Sector Development, Muscat Stock Exchange (MSX) announced 6 initiatives aimed at enhancing the position of MSX and encouraging investment therein.

This was unveiled during a press conference organized by MSX. The initiatives seek to bolster market industry and the process of lending, borrowing of securities and pooled trading accounts. They also aim to establish a special market for companies and establishments, tripartite governance and a liquidity fund.

Nasser bin Khamis Al Jashmi, Secretary General of the Ministry of Finance, said that most of the initiatives will be completed before the end of this year. MSX is furnishing appropriate grounds for companies in terms of legal enablers, he added.

Al Jashmi pointed out that the National Programme for Fiscal Sustainability and Financial Sector Development acts in conjunction with MSX, the Capital Market Authority and other parties to address all challenges and difficulties that might impede the implementation of such initiatives which, he said, serve the interests of MSX customers.

The initiatives will have a positive impact on the performance of MSX in the forthcoming stage, he affirmed.