2 companies join MSM Sharia index

29/12/2014 11:47 AST

The Muscat Securities Market (MSM) has added two companies and removed four from its Sharia index. The four companies were removed owing to their failure to comply with the Accounting and Auditing Organisation for Islamic Financial Institutions requirements for Islamic investment principles.

The index has 30 joint stock companies listed as having activities and financial conduct that complied with Sharia law. The sample would be reviewed every three months to add or delete companies.

The index comprises the following companies: Al Saffa Foods, Al Anwar Ceramic Tiles, alizz Islamic Bank, Al Jazeera Services, Takaful, Al Maha Ceramics, Bank Nizwa, Construction Materials Industry, Dhofar Beverages, Al Batinah Development, Dhofar Refreshments, Gulf Mushroom Products, Majan Glass, Muscat Gases and Muscat Thread Mills.

The list also contains National Biscuits, Oman Cement, Oman Chlorine, Oman Chrome, Oman Fiber Optic, Oman Flour Mills, Oman Oil Marketing, Oman Refreshments, Oman Telecommunications Company, Oman Textile, Ooredoo, Port Services Corporation, Raysut Cement, Shell Oman Marketing, Oman Agricultural Development, Oman Sweets and Takaful Oman Insurance.


Oman Tribune

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Stock Market Info

MSM 4,794.61 19.33 (0.40%)

Valuation

Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Performance
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Index vs...
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Index Chart

Top Related Companies

Ticker Price Change
BKMB 0.38 0.00 (0.52%)
NLIF 0.32 0.00 (0.00%)
OTEL 0.88 0.00 (0.00%)
BKDB 0.20 0.00 (0.00%)
ORDS.MSM 0.50 0.00 (0.00%)

Recent News

Foreign investors pile into Saudi Arabia in March amid kingdom's FTSE upgrade

05/04/2018

Foreign investors bought $1.18 billion in Middle East and North African equities in March, especially Saudi ones amid the kingdom’s upgrade to emerging market status by FTSE Russell, according to a r

The National

Muscat bourse gains lifted by activity in financial shares

05/04/2018

Buying activity in financials lifted the MSM30 Index to 4,794.61 points, up 0.41 per cent. The MSM Sharia Index closed at 676.52 points, down 0.08 per cent. Gulf Investment Services was the most acti

Times of Oman

Dubai bourse takes a hit in traded value

05/04/2018

Traded value on the Dubai Financial Market tumbled on Wednesday as global stocks declined amid an intensifying US-China trade war. In Abu Dhabi, banking shares surged ahead of first quarter results s

Gulf News

Financial blue chips drive Muscat bourse recovery

04/04/2018

Driven by financial blue chips, the MSM30 Index continued its recovery to close at 4,775.27 points, a gain of 0.53 per cent. The MSM Sharia Index ended at 677.06 points, down 0.07 per cent. HSBC Bank

Times of Oman

Emaar Properties stock hits new one-year low

04/04/2018

Emaar Properties shares extended losses for another session on Tuesday, to hit their lowest level in a year, as selling continued on the wider Dubai gauge. Emaar Properties fell to a low of Dh5.58, b

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap