Global marketsUpdated Yesterday

Oman expects Muscat to meet FTSE Russell’s emerging-market requirements

Asharq Al-Awsat reports that Oman expects Muscat to meet FTSE Russell’s emerging-market requirements next year, with three planned listings supporting that expectation. Argaam says the exchange remains on FTSE Russell’s watch list and quotes the exchange’s chief executive saying the market has not yet been upgraded. The companies behind the planned listings have not been identified. The listings remain prospective, and so does the classification change: Oman’s expectation is that Muscat will meet the requirements, not that an upgrade has already occurred.

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