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Muscat Securities Market and Dow Jones Indexes, the leading global provider of indexes, signed JMA whereby Dow Jones Indexes will create a family strategy of indexes, including DJ MSM Composite Index and DJ MSM Blue Chips index.
Mr. Ahmed Saleh Al-Marhoon, the Director General of MSM, and Dr. Rushdi. Siddiqui, the International Manger for Dow Jones Group Indexes, are the two signatories to the agreement.
Dow Jones Indexes shall calculate and publish the abovementioned two indexes as per its recognized criteria and instrumentalities. In this agreement MSM shall spontaneously, provide Dow Jones Indexes with all current and historical data pertaining to companies listed at MSM.
The agreement provides for a jointly marketing of the respective indexes. It is expected to enhance transparency of the companies, the constituent of the indexes, and that MSM will be exposed to international financial market since the indexes will be licensed by Dow Jones Indexes as basis of financial products like mutual funds, ETFs etc...
Muscat Securities Market welcomes the corporation with Dow Jones Indexes being the globally premier provider of Indexes and also an issuer of other global Indexes like DJ Titans 50, the DJAsian Titans 50, and the Pan-Euro STOXX Indexes.
It is, however, important to emphasize that MSM will continue issuing its current (MSM30) index beside DJ MSM indexes.
