MUSCAT: While the market value for the sukuk and securities market at Muscat Securities Market (MSM) shot up to RO 2.283 billion; an increase by RO 270.8 million, the number and value of traded securities and sukuk declined with varying degrees. The statistics prepared by Oman News Agency (ONA) pointed out that the number of traded securities and sukuk by the end of 2016 stood at 92.3 million worth RO 13.4 million compared to 91.3 million sukuk and securities worth of RO 23.7 million at the end of 2015.
The number of completed transactions declined from 1,426 to 779 transactions. The 47th issue of Government Development Bond was the highest in terms of market value with RO 301.2 million. There has been no trading on these bonds during the past year. The nominal value of each bond is RO 100. The first issue of the sovereign fund came second with RO 250 million. The nominal value of each sukuk is RO 1. Four transactions have been completed with the value of each sukuk ranging between 988 baisas to RO 1.05.
The closing price at the end of 2016 stood at RO 1, which is 5 baisas less than the price during the year 2016. The government development bonds share of the total market value for the securities and sukuk was 72.8 per cent and stood at RO 1.662 billion. Twelve issues of government development bonds (from issue No 39 to issue No 50) were listed at MSM, but no trading happened. Seven new issues worth more than RO 306.2 million were listed, the most notable of which were the issues 48th, 49th and 50th of the government development bonds, 3 million bonds worth RO 300 million with the nominal value for each bond RO 100.
Five million secondary unsecured and unconvertible securities for Muscat Finance were listed with the value of each security RO 1.12.2 million unsecured and convertible securities for Oman Financial Services Company, each worth of 100 baisas, were listed.
Around 51 million securities valued by the dollar for Mohammed al Barwani Company were listed last year.
Similarly, 9.8 million securities valued in Omani rials from Barwani Company were also listed on the securities market last year.
The securities of Renaissance Services Company (A) and Renaissance Services Company (B) were merged under the title Renaissance (A) and (B).
Thirty securities and sukuk issues were listed at MSM last year of which only nine were traded including the 1st issue of sovereign sukuk and eight securities for Bank Muscat, Bank Sohar, Ahlibank, Muscat Finance and Renaissance Services LLC.
Renaissance Services Company securities (B) topped the list of the value and volume of trading with 63 million securities worth of RO 9.5 million.
Bank Muscat bonus securities topped the list of volume of trading with 368 transactions.
Bank Muscat convertible securities registered the highest growth with 15 to close at 115 baisas; up by 15 baisas compared to the previous closing.
Bank Sohar securities increased by 4 per cent to close at 105 baisas. Renaissance Services Company (A) securities registered the highest decline (10.3 per cent) from 145 baisas to 130 baisas. Bank Muscat convertible securities decreased form 110 baisas to 103 baisas. — ONA
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