A proposal to develop a separate bourse for small and medium industries is getting delayed due to the ongoing economic slowdown and the consequent sluggish trend in the secondary market. The Muscat Securities Market (MSM) came up with a plan to develop an exchange exclusively for small and medium firms almost two years ago in line with successful SME markets in the world. Oman has over 90,000 small and medium units, which collectively contribute 13-14% of the country’s gross domestic product (GDP). (Times of Oman)
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