MSX appoints OQ Group as liquidity provider for Ajman Towers Energy Services and OQGN

MSX appoints OQ Group as liquidity provider for Ajman Towers Energy Services and OQGN

Muscat: Muscat Stock Exchange (MSX) celebrated on March 3, by ringing the bell to appoint OQ group as the main contributor in Ajman Towers Energy Services and OQGN, with Obar Capital serving as a liquidity provider for the two companies.

This step aligns with MSX's strategy aimed at revitalising the capital market, enhancing its position to support economic development and the vision of Oman 2040.

Haitham bin Salem Al Salami, CEO of MSX, stated that the exchange launched the Market Making initiative in collaboration with the National Financial Sustainability Programme to create a balance between supply and demand in securities for listed companies during trading sessions. He added that companies have begun responding to this initiative by appointing liquidity providers for several companies and banks. Today, we witness the appointment of a liquidity provider by the OQ group for Ajman Towers Energy Services and OQGN, the largest companies listed in the energy sector, confirming that OQ's step to strengthen its key invested companies reflects the level of attention it devotes to its investments.

He added that this initiative will encourage some companies to contribute by appointing liquidity providers, making the MSX more attractive to investment for various segments of investors, increasing trading volumes,