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MENAFN - Times of Oman - 14/05/2007

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(MENAFN - Times of Oman) MUSCAT — Trading on the Muscat Securities Market (MSM) began the week on a positive note and the MSM-30 index closed the day with gains of 0.31 per cent. The industry and services sector indices shed 0.91 per cent and 0.32 per cent, respectively, while the banking/investment sector index managed to gain by 0.96 per cent.

The leading pack of losers in the industry sector index were Al Hassan Engineering which declined by 1.98 per cent while Oman Flour Mills fell by 1.85 per cent. Dhofar Power which lost ground by 2.7 per cent led the decline in the services sector index. Shell Oman Marketing and AES Barka service sector stocks, too, declined by 1.46 per cent and 0.83 per cent, respectively. Amongst the gainers Transgulf Inv. Holding and Oman & Emirates Inv led the increase in the banking/investment sector index up by 2.68 per cent and 2.57 per cent. Banking stock Oman International Bank gained ground to increase by 1.87 per cent. BankMuscat scrip, too, gained 1.53 per cent. Oman Chlorine, which closed at RO0.285, was 1.79 per cent higher than its previous trading session. Some of the other gainers in the index were: Onic Holding (up 1.3 per cent); Port Services Corporation (up 1.01 per cent); National Bank of Oman (up 0.59 per cent); and Al Anwar Ceramic Tiles (up 0.35 per cent). BankMuscat was the highest traded stock both in terms of volumes and value with a total turnover of RO7.32 million. MSM traded on substantial volumes with a total equity turnover of RO10.7 million. The market breadth was clearly positive with 23 gainers, 16 losers. Fourteen stocks remained unchanged.




 






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