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United Securities
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How to deal
in MSM?
- To invest in the Muscat Securities Market (MSM), an
investor needs to have a Unique Shareholder Number, provided
by the Muscat Depositories and Registration of Securities Co.
(MDRSC) to first-time investors. The application for the same
has to be made one day prior to the execution of the share
transaction. This procedure is to be undertaken only once, and
this number is to be used for any subsequent transactions.
- You shall then be required to open an account with United Securities LLC, which is licensed to operate as a broker in the MSM. All your investment transactions in the trading floor of the MSM shall be routed through United Securities LLC, as the MSM forbids any transactions outside the trading floor, or by parties who are not licensed to operate in the MSM. For details about opening an account with United Securities LLC, kindly refer to the designated section on this page.
- The decisions regarding investment choices and the timings of entry and exit could be made either by the investor himself, or in consultation with advisors at United Securities LLC. The investor could utilise publications by the Research & Analysis Department at United Securities LLC, as a guide around such investment decisions. Furthermore, the investor has the option of handing over his portfolio to United Securities on a discretionary management contract, wherein all decisions shall be handled by expert personnel at United Securities LLC.
- After having decided the specific investments that you want to make, you shall then be required to give the necessary instructions to the Brokerage Department at United Securities LLC, in order to allow the Brokerage team to execute your transaction. The Broker shall execute your order to either buy or sell, in accordance with the rules and regulations prescribed by the MSM. The order could be either in writing or a telephonic order. However, in case of telephonic orders, the order should be followed up with a written order, duly signed by the authorized signatory.
- You will be required to remit the transaction amount in full, to United Securities LLC, before execution. Alternately, you may maintain a deposit with United Securities LLC, which could be utilised in lieu of your transactions. Following the execution of your transaction, an Invoice shall be processed showing the date of the transaction, name of scrip that has been sold/purchased, number of shares, price at which the deal has been executed, the brokerage fees for the transaction, and the total amount due.
- Brokerage commissions are charged separately on trading of shares, and trading of government/corporate bonds. For trading of shares on the Regular, Parallel and Third Markets, a charge of 0.75% of the value of the transaction is levied for the first RO. 100,000 of transactions, and a charge of 0.50% on any additional amounts. For trading of bonds, a charge of 0.20% of the value of the transaction is levied for the first RO. 250,000 of transactions, and a charge of 0.10% on any additional amounts.
- United Securities LLC shall keep a detailed record of all your transactions, and will be able to provide you with statements showing the up to date position of your investments, in the form of Portfolio Position Statement and Statement of Realised Profit/Loss Statement on Investments.
If you wish to download the application form click
here.
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