MSM shines on positive market breadth
The MSM30 index rebounded on Sunday to close up 1.08 per cent at 6,946.81, after posting a 8.12 per cent decline last week. Other markets in the region also posted gains after policy makers in Europe and UK, over the weekend, guided towards measures to address the economic weakness in their respective regions.
OMR725m wiped off Oman market as stocks plunge
A massive sell-off wiped out OMR 725 million of the Muscat Securities Market's value last week as fears over the global economy and sharp fall in oil prices drove local shares down the most in over 3 1/2 years.
Oman's Galfar Engineering 9-mnth net profit down 64%
Oman's Galfar Engineering and Contracting Co posted an annual 64% decline in profit for the nine-month period ended September 30, 2014.