03 April 2014
Muscat: The Investment Management Group of Oman Arab Bank (OAB) has reconstituted Al Arabi Oman 20 Index.
Four companies - United Finance, Oman Fisheries, Oman Cement and Al Jazeira Services - have been replaced from the index. These were replaced by Gulf Investment Services, Voltamp Energy, Taageer Finance and Port Services Corporation.
Al Arabi Oman 20 Index, after the update, includes 20 listed companies in the Muscat Securities Market (MSM) with a market capitalisation of OMR5.7 billion representing 40.28 per cent of the total market capitalisation at the end of 2013.
Al Arabi Oman 20 Index, like other global indices, in terms of scale and adjusted data, will be updated every year in March. The composition of the index depends on provision for companies in the sample which are listed on MSM for at least one year and have three year's financial statement. The index comprises 20 stocks, which are selected transparently.
Muscat: The Investment Management Group of Oman Arab Bank (OAB) has reconstituted Al Arabi Oman 20 Index.
Four companies - United Finance, Oman Fisheries, Oman Cement and Al Jazeira Services - have been replaced from the index. These were replaced by Gulf Investment Services, Voltamp Energy, Taageer Finance and Port Services Corporation.
Al Arabi Oman 20 Index, after the update, includes 20 listed companies in the Muscat Securities Market (MSM) with a market capitalisation of OMR5.7 billion representing 40.28 per cent of the total market capitalisation at the end of 2013.
Al Arabi Oman 20 Index, like other global indices, in terms of scale and adjusted data, will be updated every year in March. The composition of the index depends on provision for companies in the sample which are listed on MSM for at least one year and have three year's financial statement. The index comprises 20 stocks, which are selected transparently.
© Times of Oman 2014
