The financial market in the Sultanate of Oman
The financial market in the Sultanate of Oman

The financial market in Oman revealed the continuation of the working hours announced for all securities in the Sultanate, to be from ten in the morning until one in the afternoon, starting today, Tuesday 8/8/1441 AH corresponding to 7/4/2020 AD.

In a related context, the financial market in the Sultanate of Oman revealed the continuation of working hours announced for all listed securities.

And the financial market in the Sultanate of Oman just a short time ago, in an official statement this morning, stressed its ability to access all its operational systems and implement market operations at all times and enable market participants to conduct their business normally.

In this regard, an official source at the Ministry of Interior in Oman revealed, yesterday evening, Monday, a curfew for twenty-four hours a day in a number of Omani cities, including Salalah, Muscat, Seeb, and others.

Whereas, the market in Amman in the recent period has reduced the trading hours of all listed securities temporarily, to start at ten in the morning and continue until one o'clock as of Thursday, March 26 last.

At that time, the Amman Stock Exchange revealed in a statement posted on its website that the trading sessions are as follows:

The first session in the Omani stock market (opening auction): from 09:30 am to 10:00 am

The second session in the Omani stock market (open market - implementation): from 10:00 am to 01:00 pm

The third session of the Omani Stock Market (closing auction): for listed securities from 01:00 PM to 01:10 PM

The Omani stock market excludes debt instruments and ETFs.

The fourth session in the Omani stock market (trading on the closing price): for all listed securities from 01:10 pm to 01:20 pm (with the exception of debt instruments and ETFs).

Fifth session in the Omani stock market (the market is closed): for listed securities from 01:20 pm to 02:00 pm - (with the exception of debt instruments and indexes traded where it will be from 01:00 pm to 02:00 pm).

The Omani stock market on the Oman Stock Exchange emphasized the integrity of its systems and operational operations, as it always works to take all measures that would benefit the market and its dealers.

For its part, the Omani government has reassured all market participants of its ability to access all of its operating systems and implement market operations at all times.

On the other hand, an economic report revealed that the indicators at the present time confirm the cohesion of the economy in Oman in light of the circumstance afflicting the economy at the global level in light of the current global economic crisis due to the Corona virus that is spread in many countries of the world.

The last report revealed that Oman’s financial reserves are sufficient to cover Omani imports by four years (forty-seven months), and the growth came as a result of a continuous rise in demand deposits, which increased by 9.5 percent from February 2019, in addition to an increase in time deposits by 6.6 percent On an annual basis as well until February.

It should be noted that the vital positive indicators at the present time within the Omani economy until the previous February, increased by 11.3 per cent during the year, and the liabilities of banks on the public sector increased 17.7 per cent for the same period, while new mortgage loans provided by banks rose 142 per cent. .