| 17 Aug 2008 |
|
Al Khonji reassures investors at Muscat Securities Market
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MUSCAT -- Khalil bin Abdullah Al Khonji, chairman of the Oman Chamber of Commerce and Industry (OCCI)Oman Chamber of Commerce and Industry (OCCI)
, assured capital market investors that the laws and regulations that govern trading at Muscat Securities Market (MSM)Muscat Securities Market (MSM) are transparent and provide all investors with equal opportunity to have access to information and take knowledge-based decisions. "The current slump in the market is unnatural and, therefore, there is nothing that deter people from investing in the market," he added.
Al Khonji urged pension funds, banks and investors to exploit the opportunity and invest in the market as the market is now doing well in terms of transparency and corporate government.
"MSMMSM
is still the best performing capital market in the AGCC states in terms of investment revenues compared to other markets," he added. "There is a big difference between the slump in 1997 and the current one because the former was mainly attributed to unjustified sales by foreign funds leading to excess supply and low demand," he added. The slump does not reflect the actual performance of the market and the positive gains by various public and private companies. "All SMS investors are required not to do so after rumours and benefit from the services provided by the financial consultancy firms and brokers so that they can take the right investment decision," he said. Al Khonji highlighted the role of brokers and urged the investors not to take any hasty sale decisions.
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