Capital Markets

Muted investor sentiment since 2016 has slowed activity on Oman’s stock market. Downgrades by all three major ratings agencies and constricted spending have taken their toll on trading volumes, nudging the index into a negative trend over 2018. However, some parts of the market are benefitting from this scenario. Bonds and sukuk (Islamic bonds) have become a more inviting prospect for investors, and the two financial instruments have seen an increase in turnover during 2018. Regulations concerning real estate could also boost the popularity of a new financial instrument. Rising oil prices may prompt a return of more traditional market drivers, possibly reinvigorating the capital market over the coming year. This chapter contains an interview with Abdulaziz Mohammed Al Balushi, Group CEO, Ominvest.