[Oman-l] MSM

[BaaboodA@aol.com]

In an article in Oman Observer, Monday, 13 November, 2000 it read:
MUSCAT — The Council of Economic Co-ordination in a decision approved by His
Majesty Sultan Qaboos moved decisively last night to strengthen the Muscat
Securities Market (MSM). A massive RO 50 million is to be invested in the 
market to buy a range of good quality shares.


For those who are aware of the story of the MSM and/or affected by it will 
understand how much does this mean to the economy and individual investors. 
The government announced a number of very positive measures, detailed more in 
the article itself (http://www.omanobserver.com/ ), that are hopefully going 
to bolster confidence in the MSM and kick some life back into it. The litmus 
test, however, is how the market (traders and stock brokers in particular) 
view this government decision. Does the market see it as a positive adequate 
sign and a sincere determination from the government side to help the 
situation or is it plainly just too little too late? Your comments!

Abdulla