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Share prices post losses Bank Sohar sheds 2.66pc - Oman   Join our daily free Newsletter

MENAFN - Times of Oman - 07/05/2007

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(MENAFN - Times of Oman) MUSCAT — The Muscat Securities Market commenced trading this week in the red, with the MSM-30 index closing at 5,823.34 points, down 0.64 per cent from the previous trading day.

The three sector indices also declined in value, with the banking/investment sector index having dropped in value by 0.80 per cent, while the services and industry sector indices fell by 0.69 per cent and 0.23 per cent, respectively.

National Detergent emerged as yesterday's top gainer, with a closing price of RO1.732 a share, up 9.97 per cent from its previous close.

On the other hand, Dhofar Poultry was the major loser yesterday, having closed at RO0.407 a share (down 9.96 per cent).

Key stocks in the banking/investment sector that experienced drop in share value were: Dhofar International Development and Investment Holding (down 3.07 per cent); BankMuscat (down 1.37 per cent); Oman International Bank (down 0.90 per cent); and National Bank of Oman (down 0.36 per cent).

Transgulf Holding (up 1.32 per cent) emerged as a key gainer in the sector. In the industry sector, Al Anwar Ceramic Tiles (down 2.39 per cent) and Oman Cables Industry (down 1.44 per cent) saw drops in share value. On the other hand, Al Hassan Engineering witnessed a gain of 2.50 per cent to close at RO4.100 a share. Significant losers in the services sector were Renaissance Services (down 1.45 per cent) and Al Maha Petroleum Products Marketing (down 1.01 per cent).

Bank Sohar was the highest traded stock yesterday in terms of value traded, amounting to RO351,000. The share closed at RO0.804, 2.66 per cent below its previous close. On the whole, only six stocks gained, while 24 stocks declined and 13 stocks remained unchanged.




 






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