Muscat Securities Market Muscat Securities Market

4,497.64 -5.85 -0.13 %

MSM extends daily trading session to four hours

(10/10/2018 7:12:00 AM)

The MSM Board has given its approval to extend the daily trading session of the Muscat Securities Market (MSM) to four hours, starting from 10am to 2pm.

The extension of the trading session will be for a trial period of six months starting from November 2, 2018.

"With reference to the letter of the Chairman of the Board of Directors of MSM following the request of brokerage companies to extend the trading hours on the MSM, we note that the Board of Directors of the MSM have reviewed the subject at the meeting No. 3/2018," MSM said in a statement.

"On the request of a majority of companies in the extension, the Council agreed to increase the daily trading hours to four hours from 10am to 2pm starting from November 1, 2018, for a period of six months, so that the experiment will be evaluated monthly to find out the feasibility of extension on the market activity," the statement added. Currently, trading on the MSM is open for three hours from 10am to 1pm.

Times of Oman