The Muscat Stock Exchange has officially joined the ‘Tabadul’ platform, in a significant step taken to fulfil its ambitious goals of improving market liquidity and providing better options for investors.
‘Tabadul’ is a trading network between regional stock exchanges that offers direct access to markets. This move allows for the digital trading of securities listed on the Muscat Stock Exchange along with those listed on the Abu Dhabi and Bahrain stock exchanges.
This new initiative enhances the linking of financial markets in the region, providing sustainable investment opportunities and making trading mechanisms more accessible and streamlined for investors. Increased liquidity in the financial markets is also a result of this innovative step.
To commemorate this important event, the Abu Dhabi Securities Exchange hosted a bell-ringing ceremony, marking the official accession of the Muscat Stock Exchange to the platform.
Haitham bin Salem Al Salmi, the CEO of the Muscat Stock Exchange, expressed his enthusiasm for this move, stating that it is one of the most crucial steps that the stock exchange is taking as part of its larger strategy.
He emphasised the importance of this move in enhancing cooperation between the Muscat Stock Exchange, the Abu Dhabi Financial Market, and the Bahrain Stock Exchange. This will translate into strengthened partnerships and a driving force behind the sustainable growth of the Gulf financial markets.
While the Muscat Stock Exchange’s accession to the ‘Tabadul’ platform is a major development in the financial landscape of Oman, it will also offer a wealth of opportunities for investors and promise a brighter future for the Gulf financial markets as a whole.
