MSM revises its Sharia index
The Muscat Securities Market (MSM) on Wednesday announced the results of the annual revision of the Sharia index sample. The modified sample will be in effect from May 20.
The Sharia index sample 2019 includes 15 companies: Ooredoo Oman, Bank Nizwa, Al Madina Takaful, Al Anwar Ceramic Tiles, Oman Cement, Shell Oman Marketing, Oman Flour Mills, Raysut Cement, Alizz Islamic Bank, Oman Cables Industry, Salalah Port Services, Al Jazeira Services, Sahara Hospitality, National Biscuit Industries and A’Saffa Foods.
Al Maha Ceramics and Oman Chromite were excluded from the Sharia index, while Sahara Hospitality and National Biscuit Industries entered the new list.