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Capital Investments- Sunday, November 11, 2018
Despite lower trading compared to last week, MSM ended the week up amid buying in blue chips stocks (Top 4 blue chips recorded approximately 60% of the total value traded). Foreigners were net buyers during the week with net inflows of USD 1.2mn. MSM30 closed the week up by 1.56%. Similarly, all sub-indices ended positive led by the Financial Index (1.39%) followed by the Industrial Index (0.90%) then the Services Index (up by 0.56% on weekly basis). The MSM Shariah Index closed up by 1.25% w-o-w. ACWA Power Barka disclosed that one of its gas turbines tripped on 29th October 2018 on generator protection alarm due to earth fault in electricity generator unit. Major maintenance work will be carried out and will take 4 to 6 weeks. Financial impact is assessed at OMR 1mn (covering lost revenue and cost of repairs). The company has informed the insurers about the incident and a loss adjustor will be appointed accordingly. Further updates will be provided as available.
Country :
Report Type :
Weekly
Report Date :
Sunday, November 11, 2018
Provided by :
Report Size :
476


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