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15/12/2014 19:22 AST
The Muscat Securities Market (MSM) revised the constituents of its Shari’ah index, reducing the number of constituents from 32 to 30 listed companies in compliance with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) requirements for Islamic investment principles.
Two new companies, Al Maha Ceramics and Oman Agriculture Development Co, join the index Oman Fisheries Co, National Gas, Computer Stationary Industry and Oman Education and Training Investment have been removed as a result of their interest-bearing debt ratios exceeding the maximum allowable level of 30 per cent of the average market capitalisation of the company during the previous 12 months.
CPI Financial
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
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