U Capital Weekly Report| MENAFN.COM

Thursday, 19 May 2022 06:02 GMT
Capital Investments- Sunday, February 3, 2019
The dividend announcements season has started. However, trades are still weak which reflects cautious sentiment among investors. It was also noted the selectivity and bulk deals on some shares. MSM30 closed the week down by 0.33% at 4,166.47. All sub-indices ended down led by the Industrial Index (-1.78%) then the Financial Index (-0.4%) and the Services Index (-0.23%). The MSM Shariah Index also closed down by 1.91% w-o-w. Oman Cables announced its full financial details. According to its board of directors’ report, the increase of the group profitability is mainly linked to the company’s subsidiary, OAPIL, which recovered from the loss, reported in 2017 due to force majeure declared by its main supplier of input metal. This clearly seen in the performance of the group compared with the parent company as the net profit of equity holders of the parent within the group went up by 34.5% YoY in 2018 versus an increase of 13.7% YoY of the parent net profit on standalone basis.
Country :
Report Type :
Weekly
Report Date :
Sunday, February 3, 2019
Provided by :
Report Size :
562


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