market. It 30 has the following features: Freely available shares for trading are included only. Any shares which fall under the following will be excluded: Founders (exclusion ends when the company issues two balance sheets for two consecutive financial years); Government holdings; Strategic holdings (10% or more); Locked-in shares, which are not tradable for at least 3 months. A 10% capping (CAP) is set to ensure wider representation of smaller companies in the index. The free float and capping has been revised (re-set) on a quarterly basis. The revision is conducted quarterly, by end of March, June, September and December. The index sample amendment, on the other hand, takes place in the beginning of July of each year. The sample is selected based on the applicable selection criteria (market capitalisation, liquidity, and earnings per share). The MSM 30 index contains three sub-indices representing the three sectors (Banking & Investment, Industry & Services, and Insurance). Technology In the area of information technology, the Market has replaced of the present trading system, which has been operating since 1998, with a more efficient system from Atos Euronext France, which is a very sophisticated system used in many developed markets. The new system ensures provision of the data and information immediately for the supervisory authorities, to enable them activating the regulatory role in trading. The new system broadcasts the trading data immediately to all users and enables the market to add many investment instruments in the future and to make an easy link with the other stock markets in the GCC and other countries. Certification Muscat Securities Market has been awarded the ISO 9001:2008 certification for "Trading of Securities", and the ISO 27001:2005 certification for "Information Security Management System". See also Economy of Oman List of Mideast stock exchanges List of stock exchanges References External links Muscat Securities Market website 1988 establishments in Oman Financial services companies established in 1988 Economy of Oman Companies based in Muscat, Oman Stock exchanges in Asia