UAE trade team visits Muscat Securities Market

Muhammad Al-Jarwani, executive president of the Muscat Securities Markets (MSM) received in Muscat a United Arab Emirates commercial delegation headed by Rahmah al-Masoud, head of the board of the Abu Dhabi chamber of commerce and industry.

During the meeting, views were exchanged on strengthening economic and commercial ties between the two states. the UAE delegation was briefed on the MSM's activities since it was established in 1989 and the Sultanate's experience in this field.

The delegation visited the MSM trading hall to familiarize itself with the trading method. The delegation was briefed on the MSM's intention to start electronic trading during the second half of this year.

The UAE's investment share at MSM represents the highest among the Gulf Cooperation Council states. GCC investment in the MSM is 5.69%.

UAE investors own 30 million shares, accounting for 33% of foreign investment which totals $300 million.