Oman’s MSM is the world’s best performing stock market

Oman’s MSM is the world’s best performing stock market

Oman's equity market is often over-looked and under researched by Global and even GCC investors alike but so far this year even among the Coronavirus outbreak and because of increased domestic focus on financial sustainability, it is the best performing stock market globally.. According to Bloomberg data, Oman MSM30 Index with +3.7% followed by Ghana with +2.92% and Jordan +1.3% and Morocco with +0.42% are the only four stock markets globally with a positive year to-date performance.. The U.S. as the largest stock market in the world has fallen -12% in less than ten days and the S&P 500 year-to-date performance now stands at -8.56% and it is noteworthy that all U.S. equity market sectors have now negative performance for the year.. On February 19th the day the U.S. stock market reached an all-time high and stock market capitalization of 158%, President Trump tweeted "Highest Stock Market in History, By Far".. When the U.S. stock market is potentially dangerously overvalued against the black swan event of Covid-19, a less known and overlooked and under researched local Arab stock market like Oman's MSM 30 Index is suddenly the best performing stock market in the world and should merit some investor attention..