MSX Approves 30 Companies for Intraday Trading; Offers 50% Commission Discount

Muscat : The Muscat Stock Exchange (MSX) has released the list of 30 companies approved for Intraday Trading, a move aimed at enhancing market liquidity and providing greater trading flexibility to investors.

The approved companies include:
OQ Exploration and Production, Sohar International Bank, Ooredoo, OQ Gas Networks, National Bank of Oman, Oman Telecom, OQ Base Industries, Oman Arab Bank, SMN Power Holding, Abraj Energy Services, Bank Muscat, Raysut Cement, Galfar Engineering & Contracting, Bank Nizwa, Renaissance Services, Asyad Shipping, Al Suwadi Power, Voltamp Energy, Jazeera Steel Products, National Gas, Asaffa Foods, Oman Cables Industry, Al Batinah Power, Phoenix Power, Al Anwar Ceramic, Alanwar Investment, Sembcorp Salalah, Global Financial Investment Holding, Ominvest, and Oman Reit Fund.

What is Intraday Trading?

MSX defines Intraday Trading as the buying and selling of shares within the same trading session. Investors may either:

• Purchase shares of approved companies and sell them within the same session, or
• Sell shares they already hold and repurchase them within the same session.

All intraday trades must be executed through the same broker.

Key Benefits of Intraday Trading:

• 50% discount on trading commissions, without breaching the minimum commission limit.
• Commission reduced to 0.00175 of the trade value (compared to the standard 0.0035).
• Applicable to both individual and institutional investors (custody accounts are excluded).

The discounted commission is capped at 200,000 shares per approved company, per session, per investor. Trades exceeding this cap will be charged at the regular commission rate. MSX may revise the cap based on ongoing evaluations.

Company Selection Criteria:

MSX selected companies for intraday trading based on:

1. Trading Volume – Top 30 companies with the highest trading volume over the evaluation year.
2. Trading Days – Companies must have traded on at least half of the total trading days in the evaluation year. (Newly listed companies may be exempt from this requirement.)

The initiative is part of MSX’s ongoing efforts to improve market dynamics and attract active investors by offering more efficient and cost-effective trading options.