MSX launches ‘liquidity provider’ services

MSX launches ‘liquidity provider’ services

Muscat – The Muscat Stock Exchange (MSX) celebrated the inauguration of its new ‘liquidity provider’ service on Sunday as part of the Market Making Initiative, in collaboration with the National Financial Sustainability Programme. Haitham Salim al Salmi, CEO of the Muscat Stock Exchange, highlighted that the liquidity provider service aims to offer a diversified liquidity […]Muscat – The Muscat Stock Exchange (MSX) celebrated the inauguration of its new ‘liquidity provider’ service on Sunday as part of the Market Making Initiative, in collaboration with the National Financial Sustainability Programme.

Haitham Salim al Salmi, CEO of the Muscat Stock Exchange, highlighted that the liquidity provider service aims to offer a diversified liquidity portfolio consisting of approved stocks.

Salmi noted that two liquidity provider agreements are now in effect. Omantel has appointed United Securities Company as the liquidity service provider for Omantel shares, and Sohar International Bank (SIB) has designated Ubar Capital as the liquidity service provider for SIB shares listed on MSX.

The objective of the new service is to bolster stock liquidity, ensuring a consistent availability of shares for both purchase and sale within selected securities. Additionally, the Muscat Stock Exchange aims to establish criteria that will elevate MSX standards through increased liquidity.

Mustafa Ahmed