MSM completes annual study on market index

MUSCAT: Muscat Securities Market (MSM) ended its annual study on the Muscat Market Index 30 and the financial, services and industrial sectors, with effect from July 3. The results of the study showed that six companies entered the sample of the MSM 30 index while 24 companies maintained their previous position in the sample. The new sample witnessed the entry of Omani Fisheries, Al Medina Takaful, Al Jazeera Steel Products, Al Medina Investment al Izz Islamic Bank and Al Jazeira Services.
The sample recorded the exit of Al Nahdha Services, Shell Oman Marketing, Al Batinah Power, Al Sawadi Power Energy and Al Maha Ceramic and Al Maha Petroleum Products Marketing.
The Muscat Securities Market index includes 30 companies.
The financial sector index, which includes 15 companies, registered the entry of Al Batinah Development and Investment Holding and the exit of Oman United Insurance.
The industry sector index, which includes 15 companies, witnessed the entry of National Biscuit Industries, Oman Refreshments and Packaging Co Ltd, and the exit of Salalah Mills, and ASafa Foods and Oman Sweets.
The service sector index, which includes 15 companies, witnessed the entry of the Port Services Corporation, Hotels Management International Co and United Energy, Sohar Power and Oman Oil Marketing and SMN Power Holding.
Muscat Securities Market (MSM) is conducting an annual review of the Muscat 30 index, which represents the top 30 listed companies in terms of liquidity, market capitalisation and earnings per share.
Meanwhile, Muscat Securities Market (MSM) general index 30 on Sunday lost 7.5 points, comprising a decline by 0.14 per cent to close at 5,427.89 points, compared to the last session, which stood at 5,435.41 points.
The trading value on Sunday stood at RO 3,669,827, comprising a rise by 16 per cent compared to the last session, which stood at RO 3,163,509.
The report released by MSM pointed out that the market value fell by 0.025 per cent to reach about RO 17.98 billion.
The report added that the value of shares bought by non-Omani investors reached RO 219,000, comprising 5.97 per cent. The value of shares sold by non-Omani investors reached RO 574,000 comprising 15.63 per cent. The net non-Omani investment declined by 9.66 per cent to RO 354,000.