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Top Muscat SM News

BankMuscat Investment Manager talks about Sohar IPO: Part I

(Arabic) Abdul Wahed Al Morshedy, Investment Manager of BankMuscat says local and foreign investors injected money in Sohar IPO and as liquidity boosted in the region people are more interested in IPOs. Al-Arabiya - 06Aug 12:32GMT
Sohar Power IPO oversubscribed over 20 times

(Arabic) About 40 thousands subscribers injected $727.6 million in Sohar Power IPO. Al-Arabiya - 06Aug 09:49GMT
Sohar Power Initial Public Offering collects RO280m

The RO13.33-million Initial Public Offering (IPO) of Sohar Power Company (SAOG), which closed on July 30, has been over-subscribed by over 21 times, collecting in excess of over RO280 million. Times of Oman - 06Aug 06:26GMT
Sohar To Allot 6.71% To Individuals, 2.51% To Institutions

Oman's Sohar Power, which mobilised over RO 280 million through an initial public offering (IPO), is expected to allot 6.71 per cent shares to small investors who applied for not more than 4,000 shares. Oman Daily Observer - 06Aug 04:48GMT
Omantel's first-half net profit soars by 54pc

Oman Telecommunications Company (Omantel) said its first half net profit soared by 54.3 per cent to RO 74.8 million, thanks to a remarkable growth in both mobile and broadband services. Oman Daily Observer - 05Aug 07:22GMT

Public Offering Frenzy
The Middle East IPO market is projected to grow at a rate of 20 to 30% per annum in the next few years, says Millennium COO.
Foreigners Fleeing?
Foreign investments have been flowing out of Gulf stock markets in spite of robust earnings growth at the end of the first half of this year.

Holding Up
As long as the slide in oil prices is limited to one from unjustifiable levels to merely high ones, Gulf markets should be able to hold up.
Strong Pipeline
IPOs in the Gulf are expected to remain steady in 2008, despite the stock markets passing through a bearish phase, analysts say.

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Stories in Muscat SE

Companies in Muscat SE

Last Value 07Aug 09:03GMT	10,264.62
Change	81.19 ( 0.78%)
Previous Close	10,345.81
Open	10,345.81
Day High - Low	10,357.00 - 10,226.63
Year High - Low	12,109.10 - 6,577.89
YTD Change	13.60%
» More Indices \| Charting \| Exchange Info
Total Market Cap USD	26,290,052,748
Volume	9,591,424
Value Traded USD	24,631,725
Transactions	2,452
Traded / Listed Stocks	46 / 127
Stocks Movement 9 Up - 27 Down - 10 Unchanged

07Aug08 09:03GMT

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Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	BankMuscat	Oman	4,528
2	Oman Telecommunications Company	Oman	4,281
3	National Bank of Oman	Oman	1,713
4	Raysut Cement Company	Oman	1,407
5	Galfar Engineering and Contracting	Oman	1,119
» View Full List

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