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FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2008MUSCAT SECURITIES MARKETOFFICIAL 6 MONTH STATISTICSUS$ millions# Shares millionsTotal Volume Average Daily Volume Total Volume Average Daily VolumeStocksJan-08 923.19 41.96 422.95 19.23Feb-08 664.55 33.23 319.92 16.00Mar-08 835.50 37.98 397.65 18.08Apr-08 1,084.19 49.28 559.24 25.42May-08 749.83 35.71 362.45 17.26Jun-08 1,799.76 81.81 734.51 33.39TOTAL 6,057.02 46.66 2,796.73 21.56BondsJan-08 0.36 0.00 0.10 0.00Feb-08 0.13 0.00 0.05 0.00Mar-08 4.39 0.00 0.06 0.00Apr-08 1.57 0.00 0.59 0.00May-08 2.94 0.00 0.63 0.00Jun-08 2.94 0.20 0.35 0.02TOTAL 12.34 0.03 1.77 0.00OtherJan-08 0.39 0.03 0.39 0.03Feb-08 161.76 10.78 54.98 3.67Mar-08 39.72 2.65 8.07 0.54Apr-08 50.39 3.36 14.31 0.95May-08 64.60 4.31 15.31 1.02Jun-08 64.60 4.31 102.82 6.85TOTAL 381.48 4.24 195.87 2.18Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08Market Capitalization (US$ millions) 26,392.94 29,458.07 28,126.24 31,197.61 12,353.90 32,518.80Index 9,172.11 10,362.81 10,102.57 11,210.97 11,554.69 11,323.04PRACTICES & PROCEDURESTradingDaysSunday-ThursdayHours Regular market 10:00-11:00Parallel & bond markets 11:30-12:30Third market 12:35-12:55Market segmentation Regular market, parallel & bond markets, thirdmarket, OTCSystemAutomated electronic trading systemMechanismsContinuous auctionMarket-maker/Specialists N/AInstrumentsShares, commercial & government bonds, MutualfundsCurrencyLocal (Omani rial)Real time information Best bid/ask, last price, last volume, total volume,order book, listed company announcementsClearing & SettlementCentral Depository Muscat Depository & Reg. Co SAOC (MDSRC)Period T+3RegisteredYes, automatedSettlementBook entryClearingElectronic clearing linked with MDSRCDVPNoClearing Institution Clearing Dep. at MSM linked with MDSRCRisk SharingNoMargin/LendingNoCustodiansHSBCTaxesCash DividendsInterest IncomeCapital GainsStructure & RegulationsLegalRegulationSecurities marketregulationsTrading rulesSurveillanceCorporate actionsTrading halts regulationsInvestor protectionForeign ParticipationForeign investorsInvestment limitationsRepatriationNo taxesNo taxesNo taxesGovernment independent legalentitySelfRegulatory institutions, exchange,and market participants jointlyResponsibility of ExchangeYes, electronicEquity (centralized), fixed income(centralized)YesYesAllowedNo limitationsNo restrictionsPAGE 73