(MENAFN- Muscat Daily) Al Arabi Oman 20 index has undergone its fourth annual update.
Four companies namely Global Financial Investment Co Taageer Finance Port Services Corporation and Raysut Cement have made way for Sembcorp Salalah Al Sharqiya Investment HSBC Bank Oman and Al Anwar Holdings.
The index managed by the Investment Management Group of Oman Arab Bank consists of 20 stocks transparently selected and assigned weighting based on market capitalisation.
Following the revision the market value of index constituents will be RO5.8bn representing 48.11 per cent of the total market capitalisation at the end of 2014 according to a press release.
The Al Arabi Oman 20 index is designed to reflect stock performance primarily through profitability and liquidity in addition to other key indicators of MSM.
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