Plan for central regulatory body for GCC stock markets discussed

05/04/2016 07:37 AST

A proposal to create a central body to regulate Gulf Cooperation Council (GCC) stock markets was discussed at the 14th meeting of the Committee of the Presidents of GCC securities commissions in Saudi Arabia on Sunday.

The committee also discussed about the integration of GCC markets and the initiatives which would achieve the objective so that the GCC nationals can invest and trade without discrimination and open the markets for new products.

The representatives considered the study prepared on the ownership ratios of juristic persons in GCC public companies and trading timings in GCC markets.

The meeting also deliberated on the key issues and development in the regional and global markets and the decisions of the Supreme Council in its 36th Session held in Riyadh in December.

The Sultanate’s delegation was chaired by Sheikh Abdullah Salim Al Salmi, executive president of Capital Market Authority and Muneer Salim Al Hanaei, senior director of the Department of Enforcement at the Capital Market Authority.

The meeting reviewed the efforts of the training and qualification team which included the results of training during the past year and the proposed training programmes in 2016 in addition to the continued professional education.


Times of Oman

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
SAMBA 26.98 1,138,683
STC 83.41 257,644
DARALARKAN 13.47 74,648,349

Stock Market Info

MSM 4,794.61 19.33 (0.40%)

Valuation

Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Performance
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Index vs...
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Index Chart

Top Related Companies

Ticker Price Change
BKMB 0.38 0.00 (0.52%)
NLIF 0.32 0.00 (0.00%)
OTEL 0.88 0.00 (0.00%)
BKDB 0.20 0.00 (0.00%)
ORDS.MSM 0.50 0.00 (0.00%)

Recent News

Foreign investors pile into Saudi Arabia in March amid kingdom's FTSE upgrade

05/04/2018

Foreign investors bought $1.18 billion in Middle East and North African equities in March, especially Saudi ones amid the kingdom’s upgrade to emerging market status by FTSE Russell, according to a r

The National

Muscat bourse gains lifted by activity in financial shares

05/04/2018

Buying activity in financials lifted the MSM30 Index to 4,794.61 points, up 0.41 per cent. The MSM Sharia Index closed at 676.52 points, down 0.08 per cent. Gulf Investment Services was the most acti

Times of Oman

Dubai bourse takes a hit in traded value

05/04/2018

Traded value on the Dubai Financial Market tumbled on Wednesday as global stocks declined amid an intensifying US-China trade war. In Abu Dhabi, banking shares surged ahead of first quarter results s

Gulf News

Financial blue chips drive Muscat bourse recovery

04/04/2018

Driven by financial blue chips, the MSM30 Index continued its recovery to close at 4,775.27 points, a gain of 0.53 per cent. The MSM Sharia Index ended at 677.06 points, down 0.07 per cent. HSBC Bank

Times of Oman

Emaar Properties stock hits new one-year low

04/04/2018

Emaar Properties shares extended losses for another session on Tuesday, to hit their lowest level in a year, as selling continued on the wider Dubai gauge. Emaar Properties fell to a low of Dh5.58, b

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap