Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Dhofar Named Among Five Companies to Join Oman Index on July 1

Don't Miss Out —
Follow us on:

June 17 (Bloomberg) -- Dhofar International Development and Investment Holding Co., an investor in banks, ports and power stations in Oman, is among five companies that will gain entry to the country’s benchmark index from July 1, the bourse said.

Financial Services Co., Global Financial Investment, Gulf Investment Services Co. and National Aluminum Production will be joining Dhofar. Al Maha Petroleum Products Marketing Co., Port Services Corp. SAOG, United Finance Co., Transgulf Investment Holding Co., and Construction Materials IND will leave the index, the stock exchange said today.

Dhofar surged as much as 10 percent today and closed 8 percent higher at 0.426 rial. National Aluminum gained 3.8 percent, the most this month.

“I expect Dhofar to have a weight of around two to three percent in the index starting July 1,” said Joice Mathew, senior manager of research at United Securities Oman. “Indexed fund and portfolio managers would try to adjust their portfolio holdings accordingly, and this could be the major reason why we saw an upward surge in these stocks.”

The selection is based on liquidity, market value and earnings per share, the exchange said.

To contact the editor responsible for this story: Claudia Maedler at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.