MCDC shares listed on MSM

MUSCAT: The shares of Muscat City Desalination Company (MCDC) on Tuesday were listed for trading at parallel market at Muscat Securities Market (MSM).
The company share has been the top gainer at yesterday’s trading session as it increased by more than 35 baisas to close at 157 baisas.
The share has been the highest also in terms of the volume of trading and the value of trading after trading 26,538,271 share worth of RO 4,172,611.
It should be noted that MCDC share price has been floated for one day only. Meanwhile, MSM started applying the new weights for MSM 30 index and sector indices sample, which has been revised.
The step comes within the MSM’s Operations Department’s semi annual revision for the free shares factor and the calculation factor for MSM 30 and sectoral indices.
MSM 30 index includes Bank Muscat, Oman Telecommunications Company, Bank Sohar, Bank Dhofar, Ooredoo, Ominvest, Ahlibank, Bank Nizwa, National Bank of Oman, HSBC Oman, Raysut Cement, Phoenix Power, Oman Cement, Sembcorp Salalah, Oman Cables and United Insurance companies.
It also includes Al Anwar Ceramics, Izz Islamic Bank, Al Anwar Holding, Al Jazeera Iron Products, Oman Investments, Oman Fish, Al Madina Takaful, Galfar Engineering & Contracting, Al Madina Investment, Oman and UAE Holding, Al Sharqiyah Investment, Al Jazeera Services, Gulf Investments and Gulf Chemicals companies. — ONA