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MSM renames sectors and increases number of companies under indexes (MSM)
Date : 28 Jun 2011

Muscat Stock Market announced renaming main sectors and adding sub sectors as follows:
Banks and Investment Companies sector shall be renamed to be 'Financial Sector'.
Services and Insurance shall be 'Services Sector'.
Industry Sector remains unchanged
Consequently, some companies are re-classified in new system subject to main activity. It was also decided to increase sample of companies composing market sector indexes to be 15 companies instead of 10 to adequately reflect sectors represented. Taking into consideration that influence ceiling of any company remains at 10%. Above mentioned amendments shall be applied effective July 3, 2011.