Oman- ISF contribution to MSM daily volumes average 10 last year

3/27/2016 8:54:15 AM

(MENAFN- Muscat Daily) Muscat-

The Investment Stabilisation Fund (ISF) said that in 2015 it pumped liquidity on a daily basis into the Muscat Securities Market in a bid to augment turnover and investor sentiment.

Its average daily contribution to the MSM30 index's trading volumes stood at ten per cent.

ISF's annual report pointed out that it managed to achieve its mission despite the fact that it was not involved in the major individual transactions in 2015.

ISF was established in 2009 to help maintain the balance of MSM listed stocks enhance investor liquidity and confidence focusing on investment in companies with strong fundamentals and achieving capital growth for unitholders in the long-term through investment in the MSM.

Last year the fund's investments were affected by the market decline as a result of the slump in oil prices. The fund's net asset value declined by 13.4 per cent by the end of December.

By the end of 2015 the value of the fund's assets stood at about RO100mn including RO21.1mn in cash assets. Although the fund's share of the dividend distribution stood at RO4.3mn it recorded RO4.2mn of realised loss and RO15mn of unrealised loss.

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