Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Oman- MSM extends gains backed by banks, telecoms  Join our daily free Newsletter

MENAFN - Muscat Daily - 01/07/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - Muscat Daily) The MSM30 registered its fifth consecutive daily gain on Tuesday, backed by continued interest on leading shares, especially banks and telecom companies.

The market was most likely impacted by drivers such as the upcoming quarterly results, the restructuring of portfolios and the movement of institutional investments.

Al Batinah Power and Al Suwadi Power accounted for 30 per cent of the total trades in terms of value, and market trades overall remained healthy.

Institutional investors (Omanis and GCC) absorbed selling pressure from individuals, especially local individuals, with net buys of RO1.45mn.

The Financial index and the Services index rose by 0.22 per cent and 0.11 per cent, respectively. The Industrial index was the only loser, posting a decline of 0.31 per cent.

Among the top gainers were Ahli Bank (5.46%), Sohar Power (2.78%) and Alizz Islamic Bank (2.04%). The losers included Al Hassan Engineering (-5.2%), Oman Fisheries (-3.3%) and Bank Nizwa (-2.38%).


Muscat Daily

  MENA News Headlines
 Oct 24 2016 - Unprovoked Indian firing kill two, wounds seven Pakistani civiliansKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) ISLAMABAD, Oct 24 (KUNA) -- At least two Pakistani civilians, including a minor girl, were killed and seven others injured as Indian troops resorted to unprovoked ...

 Oct 24 2016 - Kuwaiti car racer comes 3rd in int'l drift competitionKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Oct 24 (KUNA) -- Kuwaiti car racer Nasser Al-Mutairi won the third place in the final round of the international drifting competition held in the ...

 Oct 24 2016 - Queen Silvia of Sweden wraps up visit to KuwaitKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Oct 24 (KUNA) -- Queen Silvia of Sweden on Monday wrapped up her visit to the country. The Queen was seen off upon departure by the State of Kuwait ...

 Oct 24 2016 - China yuan weakens to fresh 6-year lowKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) TOKYO, Oct 24 (KUNA) -- The Chinese yuan weakened against the US dollar to a fresh six-year low on Monday against at the lowest level in more than six years. ...

 Oct 24 2016 -  GCC Housing Ministers meet in Riyadh on TuesdayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) RIYADH, Oct 24 (KUNA) -- The GCC Ministerial Housing Committee kicks off its 15th meeting on Tuesday to discuss the Housing Affairs in the GCC countries. The ...

 Oct 24 2016 - President of Equatorial Guinea arrives in Kuwait on official visitKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Oct 24 (KUNA) -- The President of Equatorial Guinea Teodoro Obiang Nguema Mbasogo arrived in Kuwait on Monday on an official visit during which he will ...

 Oct 24 2016 - Kuwait- President of Equatorial Guinea receives His Highness the PM, Sheikh Sabah Al-KhaledKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Oct 24 (KUNA) -- President of Equatorial Guinea Teodoro Obiang Nguema Mbasogo received Monday at his residence at Bayan Palace His Highness the Prime ...

 Oct 24 2016 - Kuwait- Emergency plan setup to prevent entry of H9N2 bird flu -- PAAAFRKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Oct 24 (KUNA) -- The Public Authority for Agriculture Affairs and Fish Resources (PAAAFR) announced Monday an emergency plan to prevent the entry of H9N2 ...

 Oct 24 2016 - India: Soldier, civilian killed in Pakistan border firingKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) NEW DELHI, Oct 24 (KUNA) -- One Indian Border Security Force (BSF) soldier and a civilian were killed and seven others were injured as Pakistan Rangers shelled ...

 Oct 24 2016 - Kuwait bourse benchmark posts gainsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, Oct 24 (KUNA) -- Boursa Kuwait closed Monday's session with the benchmark reading 5,341 points gaining 11.03 points. However, the weighted index dropped ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help