Muscat shares post marginal gains


(MENAFN- Times of Oman) The MSM-30 Index rose 0.72 per cent to close at 5,085 points yesterday. The total shares exchanged decreased by 25.5 per cent to 15.494 million shares against the previous day's 20.806 million shares. The total value decreased by 23.2 per cent from RO8.192 million to RO6.289 million. Foreigners were net sellers yesterday, they sold 7.2 per cent (RO0.45 million) in the total turnover. The market was positive with 25 advances and 10 declines out of 46 traded securities. Amongst the sectors, all the three sectors posted gains and the industry sector was the biggest gainer which closed higher 1.77 per cent to 4,940 points. The service and insurance sector closed higher 1.1 per cent to 2,306 and the Banking and Investment sector closed higher by 0.58 per cent to 6,715 points. The top two gainers were: Onic Holding (8.26 per cent) and Gulf Investment Services (6.06 per cent) to close at RO0.262 and RO0.105, respectively. The top two losers were: Oman Oil Marketing (-7.5 per cent) and Gulf International Chemicals (-3.57 per cent), both closed at RO0.925 and RO0.135.The top two by volume traded were: Galfar Engineering (2.3 million shares) and Oman & Emirates Inv. (1.7 million shares). The top two by value traded were: Galfar Engineering (RO1.5 million) and BankMuscat (RO0.9 million). NAVs as of April 28, 2009: Muscat Fund RO1.095; Oryx Fund-RO1.008 and BankMuscat MSCI Kuwait Fund: ( Aprril 27, 2009) $0.5487.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.