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MENAFN - Times of Oman - 28/04/2009

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(MENAFN - Times of Oman) The MSM-30 index declined 2.040 per cent to close at 5,145. Total shares exchanged decreased by 11.9 per cent to 31.143 million shares against the previous day's 35.347 million shares.

Total value decreased by 14.8 per cent from RO10.214 million to RO8.703 million. Foreigners were net sellers yesterday, having sold a net of 14.2 per cent (R.O 1.23million) from the total turnover.

The market was breadth was weak with five advances and 28 declines out of 50 traded securities. Among the stocks, Shell Oman Marketing ,which announced its unaudited financial results, saw its share price remain unchanged to close at RO1.600. Among the sectors, the service and insurance sector was the biggest loser and closed lower 2.34 per cent to 2,320 points.

The banking and investment sector closed lower 2.2 per cent t to 6,799 and the industry sector closed lower by 0.54 per cent to 4,948 points. The top two gainers were: Oman Flour Mills (7.14 per cent) and Salalah Mills (2.13 per cent) to close at RO0.375 and RO0.335 respectively. The top two losers were: Dhofar Tourism (-9.13 per cent) and Al Jazeira Services (-6.82 per cent) closing at RO0.995 and RO0.082 respectively. The top two by volume traded were: Bank Sohar (10.35million shares) and Galfar Engineering (2.6 million shares).

Top two by value traded were: Galfar Engineering (RO1.75 million) and BankMuscat (RO1.34 million). NAV as of April.26 2009: Muscat Fund RO1.134, Oryx Fund-RO1.023 and BankMuscat MSCI Kuwait Fund: (April 23 2009) 0.5452.

 






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