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MENAFN - Times of Oman - 27/06/2007

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(MENAFN - Times of Oman) MUSCAT — Trading on the Muscat Securities Market (MSM) continued to be lacklustre yesterday with the index closing flat at 6,271.89. Markets seem to be in a phase of consolidation with most stocks trading in their ranges.

Yet in such a market Alliance Housing Bank traded strongly with close to two million shares traded at 0.378 baisas. The stock has exhibited strength in the last two to three trading sessions.

Oman Chlorine continued its fine run by moving up another 2.48 per cent to 0.331 baisas, extending its fine run.

The broader market was fairly dull with frontline stocks like NBO, BankMuscat, OIB flat. Oman Cables, Raysut Cement and Oman Cement succumbed to some profit-taking.

Bank Sohar finally corrected yesterday after witnessing a good run up in the past few trading days. BankDhofar closed higher on sustained interest in the stock.




 






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