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MENAFN - Muscat Daily - 08/09/2013

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(MENAFN - Muscat Daily) Crude oil rose to a two-year high last week as Russian President Vladimir Putin said his nation will support Syria if it's attacked, rising concern that mounting tension will disrupt Middle East oil exports.

US Treasuries fell, with the ten-year yields reaching a two-year high; while equities rose as data on service industries and jobs added to signs that the US economy is gaining momentum.

On Sunday, regional markets gained and the Muscat Securities Market general index followed suit, edging higher by 0.60 per cent before closing at 6,451.92.

Trading activity remained low as a total of 1,319 trades were executed, generating a turnover of RO4.61mn while 17.57mn shares were exchanged over the counters.

Market breadth stood in favour of advancers as of the 44 securities traded or the day 28 advanced while four declined and 12 stocks closed unchanged. The top gainers for the day were Oman Education and Training (10.00 per cent at 220bz), Ominvest (4.60 per cent at 432bz), DIDIC (4.46 per cent at 585bz), Voltamp Energy (3.91 per cent at 425bz) and Taageer Finance (3.50 per cent at 148bz)  while the top losers were Gulf Investment Services (-1.19 per cent at 166bz), Oman and Emirates Investment (-1.18 per cent at 168bz), Bank Sohar (-0.52 per cent at 190bz) and Sharqiyah Desalination (-0.24 per cent at RO4.18).

Among the sectoral indices, the Financial index gained the most, adding 1.17 per cent with gains from bank muscat (0.86 per cent at 588bz) and Bank Nizwa (0.94 per cent at 108bz). The Industrial index inched up 0.64 per cent while the Services index gained 0.15 per cent.


 






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