16/05/2018 08:34 AST

Oman’s central bank raised OMR77 million by way of allotting treasury bills on Tuesday.

The treasury bills are for a maturity period of 28 days, from May 16 until June 13, 2018. The average accepted price reached 99.881 for every OMR100, and the minimum accepted price arrived at 99.880 per OMR100. Whereas the average discount rate and the average yield reached 1.55159 per cent and 1.55344 per cent, respectively.

The interest rate on the Repo operations with CBO is 3.184 per cent for the period from May 15, 2018 to May 21, 2018 while the discount rate on the Treasury Bills Discounting Facility with CBO is 2.018 per cent, for the same period.

The treasury bills are short-term highly secured financial instruments issued by the CBO on behalf of the Government, which helps the licensed commercial banks to gainfully invest their surplus funds, with added advantage of ready liquidity through discounting and repurchase facilities (Repo) offered by the Central Bank.

Further, treasury bills promote the local money market by creating a benchmark yield curve for short-term interest rates. Also, the Government (MOF) may also resort to this instrument whenever felt necessary for financing its recurrent expenditures.


Times of Oman

Ticker Price Volume
QNBK 196.99 124,786
APPC 53.30 133,976
SAICO 11.92 520,367
JARIR 154.40 89,382
SABIC 119.80 1,240,718
ALMARAI 50.90 239,969
ALINMA 22.04 8,511,404
Arab Strategy Forum 2018 to kick off Dec.12 in Dubai

11/12/2018

The Arab Strategy Forum (ASF), taking place under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday announced the deta

Saudi Gazette

Oman’s retail sector expected to expand 9.3% in five years

11/12/2018

Retail sales across four Gulf countries are projected to increase by more than US$24 billion over the next five years, with Oman’s retail industry expected to rise 9.3 per cent during that period, ac

Times of Oman

CBO becomes full member of Islamic Financial Services Board

11/12/2018

The Central Bank of Oman (CBO) has confirmed that it has become a full member of the Islamic Financial Services Board (IFSB), an international organisation that promotes sound Islamic banking and set

Times of Oman

Oman Post embarks on journey of transformation

11/12/2018

In line with the national logistics strategy to position the Sultanate as a leading trade and logistics hub, Oman Post is organising the first edition of the Oman Post Forum 2018 at the Sultan Qaboos

Oman Daily Observer

Saudi Arabia said to be reviewing expat fees as economy feels sting

11/12/2018

Saudi Arabia is reviewing its policy of imposing fees on expatriate workers after rising costs inflicted economic pain and contributed to an exodus of foreigners, according to four people familiar wi

Gulf News