question archive Assuming you work in the investment department of National Securities Co
Assuming you work in the investment department of National Securities Co
Subject:FinancePrice:2.86 Bought11
Assuming you work in the investment department of National Securities Co. The general manger gives you a task to calculate the price weighted index for the following companies that are trading at the Muscat security market Second Base Share Stock day dayoutstanding closing Closing price price 4.4 5 20 Al Anwar Holdings 4.2 4.5 25 Taageer Finance .co 2.1 1.5 16 National Bank of Oman 3.0 5.5 36 Dhofar Bank ???? ??? ???????? a. 120.44 0 b. 770.08 c. 100.000 d. 83.03 e. All the given answers in this question are wrong
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ANSWER
D. 83.03
| stock | base day closing price | second day closing price |
| al anwar holdings | 5 | 4.4 |
| taageer finance co. | 4.5 | 4.2 |
| national bank of oman | 1.5 | 2.1 |
| dhofar bank | 5.5 | 3 |
| 16.5 | 13.7 | |
| =16.5 - 13.7 / 16.5 | ||
| index value | 83.03030303 |
