Feb 08 2009

BankMuscat launches online share trading facility

MUSCAT -- BankMuscat has launched BankMuscat Direct, a state-of-the-art online trading system dealing with shares listed on Muscat Securities Market (MSM) . BankMuscat Direct, accessible on https://www.bankmuscatdirect.com or through BankMuscat Direct link on www.bankmuscat.com incorporates the latest technological advances to guarantee secure and unmatched convenience in online share trading. Besides exceptional ease of usage, the key differentiator of the Internet-based trading facility is that it offers seamless trading through a linked two-in-one brokerage and BankMuscat account.

During official trading hours, the online system allows clients to trade in MSM shares from anywhere in the world. Subject to availability of funds in their account, registered clients can participate in live share trading and execute buy or sell options without any complications. All trading reports will be instantly posted on individual accounts.

Notably, the online trading facility is manned by BankMuscat Brokerage department, which has earned a strong reputation for offering sound brokerage advice to domestic and foreign clients. With expertise in equity research and a wide network of investors, it is the broker of first choice among foreign institutions investing in Oman. The division, which services a geographically diverse base of emerging market institutional investors, has consistently won accolades for promoting trading on MSM .

At a time when the global financial crisis is impacting stock market performance, the BankMuscat move reflects a bold step in building investor confidence, thereby contributing to market momentum, the bank said in a press statement. The online trading facility coincides an opportune moment when Omani shares with strong fundamentals and attractive valuations are considered favourable for long-term acquisition. Historically, MSM has consistently outperformed the regional markets.

By Staff Reporter

© Oman Daily Observer 2009

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