• Muscat Securities Market (MSM) announced the new list of 30 companies approved for Day Trade.
     Muscat Securities Market (MSM) announced the new list of 30 companies approved for Day Trade.

    Muscat Securities Market (MSM) announced the new list of 30 companies approved for Day Trade.

    Mr. Bader bin Hamoud Al Hinai, Operations Manager, MSM, said that the market will work with the new list of companies approved to carry out trading operations in the same session as of the second of December.

    Mr. Al-Hinai said that MSM started day Trade since November 2016, with the trader in this type of trading receiving an incentive of a 50% discount on the trading commission. Thus the commission under Day trade incentive at MSM per trade for an investors amounts to 1.75 per thousand instead of 3.5 per thousand.

    He also pointed out that this type of transactions aims to improve the investment environment in securities market in order to make it more attractive to investors and increase the liquidity rate and stimulate the volumes and movement of shares traded in the market and improve opportunities for active investors to get a better profit by reducing the cost of trading. It is also very useful to investors in Periods in which the market is in active and it can be used to reduce the cost of trading, surge up the trading volumes and movement of shares traded in the market.

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