Oman- Banking and investment sole loser as MSM rises


(MENAFN- Times of Oman) The MSM-30 index increased 0.85 per cent to close at 4,800. Total shares exchanged decreased by 10.6 per cent to 24.929 million shares against the previous day's 27.891 million shares. Total value increased by 9.2 per cent from RO7.459 million to RO8.145 million. Yesterday, foreigners were net buyers. They bought a net of 3.6 per cent (RO0.29million) from the total turnover. The market breadth was positive with 20 advances and 19 declines out of 47 traded securities. Among the sectors, banking and investment sector was the only loser yesterday and closed 0.77 per cent lower. However, industry and services and insurance sectors both gain 1.61 per cent and 0.69 per cent respectively. The top two gainers were: Oman Flour Mills (6.98 per cent) and Galfar Engineering (6.14 per cent) to close at RO0.337 and RO0.519 respectively. The top two losers were: Dhofar Insurance (-8.2 per cent) and Oman Filters Ind. (-7.31 per cent) closing at RO0.235 and RO0.279. The top two by volume traded were: OIFC (4.25 million shares) and Galfar Engineering (4.1million shares). The top two by value traded were: Galfar Engineering (RO2.1 million) and Omantel (RO0.91 million). NAV as of April 6, 2009: Muscat Fund RO1.048, Oryx Fund-RO1.009 and Bank Muscat MSCI Kuwait Fund: (April 5, 2009) $0.5612.


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