The Muscat Stock Exchange (Muscat Stock Exchange) has taken an important step in the development of Oman's capital market by entering the FTSE Russell watchlist. This inclusion means that this market will be monitored and evaluated by FTSE Russell, which will assess the possibility of changing its classification in the future based on its approved methodology and criteria.
Monitoring and Evaluating the Performance of the Muscat Stock Exchange
Based on this positive step, FTSE Russell will continue to monitor the performance of the Muscat Stock Exchange in the coming periods and will pay attention to its quantitative and qualitative requirements. This monitoring includes consulting with international investment institutions regarding their real experiences of entering and investing in this market. The significance of this stage stems from the high credibility of FTSE Russell indices in the global investment community, where asset managers, institutions, and international investors use them as a benchmark for constructing and tracking investment portfolios and measuring market performance.
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Progress in the Development of Oman's Capital Market
Mohammed Mahfouz Al-Ardi, Chairman of the Muscat Stock Exchange, announced that the inclusion of the Muscat Stock Exchange in the FTSE Russell watchlist is a significant milestone in the development of Oman's capital market. He stated that this reflects institutional and regulatory advancements in recent years that have contributed to improving market efficiency and expanding its presence in front of the international investment community.
Al-Ardi also emphasized that the developmental path initiated by restructuring the exchange and changing its status to a company owned by Oman Investment is moving towards creating a deeper and more competitive capital market capable of adapting to rapid changes in global markets. He added that this step marks the beginning of a new phase that requires continued building based on the progress made and strengthening integration among various stakeholders in the capital market ecosystem.
In this context, Hitham Salem Al-Salmi, CEO of the Muscat Stock Exchange, stated that entering the FTSE Russell watchlist places the exchange at a more advanced stage of the market path, shifting the focus from building readiness foundations to consolidating and stabilizing them. He emphasized that the importance of this step lies in providing a broader perspective for Oman's capital market sector in front of global investment institutions and asset managers.
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