MUSCAT: Effective from July 2, 2023, the Muscat Stock Exchange has introduced a significant change regarding the bid unit for all securities. The new bid unit has been set at "one baisa." This adjustment enables investors to engage in investing, bidding, and branding activities using smaller increments.
The decision to implement this change reflects a logical practice both regionally and internally. Moreover, it aligns the Muscat Stock Exchange with global standards, ensuring its continued competitiveness in the marketplace. The amendment follows a series of commercial activities recently announced by the stock exchange, including market activity and the licensing of two companies for specific business operations.
The coordinated bidding units have yielded positive outcomes for market activity by facilitating the availability of liquidity within a favorable price range. Additionally, this adjustment helps maintain a balance between buying and selling orders for securities. It's important to note that the revised bid unit applies to all securities, encompassing not only equities but also debt instruments like bonds and sukuk.
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