BankMuscat Direct
The BankMuscat Brokerage is the leading Stockbroker in Oman, with a 13% Market Share in 2010 based on Volume traded. The unit has been the Number 1 Brokerage Company on the Muscat Securities Market (MSM) for 9 years out of the last 10 years. Its brokerage team services Foreign and Domestic entities, high net worth individuals and retail clients.
The Unit in the year 2011 has begun execution for the GCC Markets. The unit is also implementing the Reuters Order Routing (ROR) which will now give the unit electronic access and execution to all the GCC Markets. The unit also offers both local institutions, high net worth client and retail clients investment opportunities in India through its investment in Mangal Keshav Securities Ltd. The unit also offers a robust internet trading platform for the MSM, which will be expanded to include the GCC Markets in the coming year.The Unit has an experienced dealing team and a desk which operates depending on the market it executes in.
The Bank's Equity Research has an ACTIVE and dormant coverage on 81% of the MSM’s market capitalisation (Ex-BankMuscat). The unit also covers stocks in Saudi Arabia and Qatar and in the past has covered stocks across all GCC markets. The division produces Daily News and Technical Reports, Market Wrap Reports, Visit Notes and Fundamental Company Reports. BankMuscat's focus has always been on providing fundamental reports after extensive interaction with the company management, the key step in equity research process which is not compromised.
The team actively assists the brokerage arm in equity sales efforts through regular client briefings and has strong rapport with company management which helps in aiding client’s due diligence process