MUSCAT : As per the announcement, the list of companies approved for Intraday Trading operations are as OQ Exploration and Production, Sohar International Bank, Ooredoo, OQ Gas Networks, National Bank Oman, Oman Telecom, OQ Base Industries, Oman Arab Bank, SMN Power Holding, Abraj Energy Services, Bank Muscat, Raysut Cement, Galfar Engineering & Contracting, Bank Nizwa, Renaissance Services, Asyad Shipping, Al Suwadi Power, Voltamp Energy, Jazeera Steel Products, National Gas, Asaffa Foods, Oman Cables Industry, Al Batinah Power, Phoenix Power, Al Anwar Ceramic, Alanwar Investment, Sembcorp Salalah, Global Financial Investment Holding, Ominvest, and Oman Reit Fund.

MSX explained the concept of Intraday Trading as “Buying shares in approved companies and selling them within the same trading session, or selling previously available shares in one or more approved companies and repurchasing them within the same session.”

This process must be conducted through the same broker.

Intraday Trading allows investors to buy and sell shares within the same session while benefiting from a 50 percent reduction in trading commission.

Highlighting the advantages of Day Trade, MSX listed the following:
• Investors receive a 50% discount on commission, without violating the minimum commission threshold
• The commission is reduced to (0.00175) of the trade value instead of (0.0035).
• The reduction applies to trades by individual investors or institutions (custody accounts are not included).

The discount applies to trading 200,000 shares as a maximum limit for each approved company during a single session and for each investor. The specified cap (200,000 shares) is subject to adjustment based on review by MSX. If trading exceeds the mentioned cap, the excess amount will be subject to the regular commission.

The company selection criteria are based on two parameters:

1. Trading Volume: The top 30 companies by trading volume over a full year (evaluation year) are selected.
2. Trading Days: The number of trading days for the company during the evaluation year must not be less than half of the total trading days (some newly listed companies may be exempt from the number of trading days criterion).

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