Top Muscat SM News

BankMuscat shares to appreciate further

BankMuscat, the Sultanate's biggest lender with an estimated share of 41.3 per cent of total credit and deposits, has reported commendable growth during the first quarter, according to an analysis conducted by a leading brokerage and investment company. Oman Daily Observer - 08May 06:12GMT
United Finance's rights issue to open on May 10

The rights issue of United Finance Company (UFC) will open for subscription on May 10. UFC, the largest leasing and hire purchase firm in the Sultanate, is offering 39.12 million shares to raise RO 5.868 million from shareholders on a 1:5 ratio Oman Daily Observer - 06May 08:38GMT
Kuwait's Central Bank approves branch of Bank of Muscat in Kuwait

The Governor of Kuwait Central Bank Sheikh Salem Abdul-aziz Al-Sabah said that the Bank initially agreed to give a license to Omani Bank of Muscat to open a branch in Kuwait. KUNA (Kuwait News Agency) - 06May 06:02GMT
Voltamp Energy's IPO opens today

Voltamp Energy's initial public offering to raise RO 13.5 million will open for subscription today. The company is offering 25 million shares at a price of 542 baisa, which includes a premium of 440 baisa and an issue expense of 2 baisa. Oman Daily Observer - 05May 08:24GMT
Oman Arab Bank launches net-based share trading

Oman Arab Bank (OAB) - Investment Management Group (IMG) has formally launched its new online trading services under the brand of 'e-link'. Oman Daily Observer - 05May 08:19GMT

Hedging In The Region
Ajeej MENA fund is a long-biased hedge fund, which is up 40% in the first seven months since its launch, twice the regional benchmark.
2008: Year Of IPOs?
It's not just Gulf governments offloading their prized assets. The IPO pipeline is a mixed bag with greenfield, public-private and family enterprises coming out to play.

Hedge Funds Are Coming?
A small pool of international hedge funds, such as Pantera and Argent, have already dipped their toes into the Gulf markets by launching regionally-focused vehicles.
MENA To Outperform
MENA economies will top all other regions in performance during 2008, according to a Deutsche Bank survey of the alternative investment community.

Community Buzz

Stories in Muscat SE

Companies in Muscat SE

Last Value 08May 09:03GMT	11,324.39
Change	74.95 ( 0.66%)
Previous Close	11,399.34
Open	11,399.34
Day High - Low	11,348.94 - 11,317.47
Year High - Low	11,399.34 - 5,873.26
YTD Change	25.33%
» More Indices \| Charting \| Exchange Info
Total Market Cap USD	28,704,027,604
Volume	14,294,937
Value Traded USD	24,182,912
Transactions	3,008
Traded / Listed Stocks	55 / 126
Stocks Movement 8 Up - 34 Down - 13 Unchanged

08May08 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	5,819
2	Oman Telecommunications Company	Oman	4,097
3	National Bank of Oman	Oman	2,297
4	Raysut Cement Company	Oman	1,457
5	Galfar Engineering and Contracting	Oman	1,435
» View Full List

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