Oman- Foreigners net buyers as MSM rises


(MENAFN- Times of Oman) The MSM-30 index increased 1.79 per cent to close at 4,947 points. Total shares exchanged increased by 19.3 per cent to 31.3 million shares against the previous day's 26,275 million. Total value increased by 24.1 per cent from RO7.08 million to RO8.79 million. Foreigners were net buyers as they bought a net of 3.2 per cent (RO0.28 million) from the total turnover. A total of 50 scrips were traded yesterday with an advance to decline ratio of 2.36:1. Among the sectors, banking and investment sector registered the biggest gain and closed 2.31 per cent higher followed by services and insurance and industrial sectors both gaining 0.79 per cent and 0.67 per cent respectively. The top two gainers were: Oman & Emirates Investment (OM) (8.11 per cent) and Onic Holding (7.86 per cent) to close at RO0.120 and RO0.343 respectively. The top two losers were: National Gas (-9.97 per cent) and Dhofar Tourism (-9.95 per cent) closing at RO3.325 and RO1.095 respectively. The top two by volume traded were: Al Jazeira Services (5.1 million shares) and Oman Investment and Finance (3.3 million shares). The top two by value traded were: Galfar Engineering (RO1.4 million) and BankMuscat (RO1.1 million). NAV as of April 12: Muscat Fund RO1.064, Oryx Fund-RO1.011 and BankMuscat MSCI Kuwait Fund: (April 9, 2009) $0.5541.


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