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MENAFN - Times of Oman - 23/11/2005

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MUSCAT — The market fell by 17 points closing at 4924 levels with both Banking & Investment Sector index and Services Sector index contributing to the fall by 32 and 6 points, respectively. Volumes stood at RO4.6 million showing an improvement in comparison to the beginning of the week. The total number of shares traded were at the lower end with a total of only 39 scrips being traded, out of which five advanced and 17 declined. Omantel fell further by 40 baisas to close at RO1.860. Other losers were Onic Holding (2 per cent), Port Services Corporation (2.8 per cent), Oman & Emirates (3.8 per cent) and Muscat Finance (7.6 per cent). From the Banking Sector, BankMuscat and BankDhofar lost 60 baisas and 50 baisas, respectively. Among the major gainers were: Transgulf Ind. Inv. Holding (4.5 per cent), Al Hassan Engineering (1.4 per cent) and Oman Investment & Finance (1.1 per cent). The foundation stone for a new sewage treatment plant at Al Ansab in Wilayat of Bausher has been laid by the minister of national economy.

The total cost is RO31 million with a production capacity of 53,000 cubic metres of recycled water per day. The completion date is expected to be in two years. This project is part of the Muscat Wastewater Project which is expected to be completed in 2017. — Fincorp



 






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