Zawya.com - Muscat SM News

Holidays weigh on Gulf stocks

Sat, 21 Nov 2009 07:13:14 GMT

Most Gulf stock markets extended losses this week ahead of Eid Al-Adha holidays due to start on Nov. 26, financial analysts said Friday.

Renaissance signs RO 9m term loan facilities

Wed, 18 Nov 2009 07:01:26 GMT

Renaissance Services has signed term loan facilities of RO 5.75 million ($15 million) with Bank Sohar and RO 3.28 ($8.5 million) with BankMuscat.

BankMuscat plans to raise RO 20m in 9th round of CD auction

Tue, 17 Nov 2009 07:15:55 GMT

Offering attractive returns to investors, BankMuscat targets to raise 20 million rials in the ninth round of Certificates of Deposit (CDs) auction on November 22.

Renaissance posts positive growth in revenue

Mon, 16 Nov 2009 08:14:03 GMT

MUSCAT -- Renaissance Services SAOG has announced its unaudited third quarter (Q3) results, reporting a revenue of RO 176.1 million ($457.4million), an increase against 2008 revenue of RO 170.4 million ($ 442.6 million). Operating profit has also increased to RO 27.8 million ($72.2million) against 2008 operating profit of RO 26.6 million ($69.2 million). The net profit in the curre

GCC bourses see overvaluation of shares

Sun, 15 Nov 2009 06:28:03 GMT

After reeling under pressure during fourth quarter of 2008 and first quarter of 2009, the GCC markets picked up in the third quarter and continuing the upward march. Despite rise in indices, the DFM, Kuwait and Bahrain bourses recorded drop in their market capitalisation.

Kuwait: Performance of GCC markets 'end in red'

Sat, 14 Nov 2009 09:11:38 GMT

The performance of- GCC markets were depressed during Oct-09 as all GCC markets ended the month in red. Among its peers Kuwait witnessed hardest hit as it declined by 7.2 percent during the month.

Arab bourses volatile pending fresh moving factors

Sat, 14 Nov 2009 07:24:36 GMT

Middle East stock markets reflected mixed performances last week with speculation dominating the scene and investors looking for new clues that help to clarify the foggy picture of the global recovery, financial analysts said Friday.

Omantel Q3 profit jumps 1.9 per cent

Thu, 12 Nov 2009 07:12:12 GMT

Oman Telecommunications, or Omantel, said its third quarter net profit rose 1.9 per cent to RO32.8m ($85 million, Dh312m), compared with RO32.2m in the year earlier period.

Kuwait stocks biggest loser in Gulf; TASI gains

Thu, 12 Nov 2009 06:27:25 GMT

Kuwait's stock index posted the biggest decline in the Gulf Arab region on Wednesday as concerns over the outlook of heavyweight Zain clouded investor sentiment.

Mena equity markets decline by 1.8% on negative global cues

Wed, 11 Nov 2009 07:27:20 GMT

The Middle East and North Africa (Mena) equity markets fell by 1.8 per cent in October reducing year-to-date (YTD) gains to 24 per cent.

Omantel posts 105.8m rial third quarter net profit

Wed, 11 Nov 2009 06:45:21 GMT

Oman Telecommunications Company (Omantel) has posted a third quarter net profit of RO 105.8 million after tax and minority interest for the period ended September 30, 2009, compared to RO 107.4 million during the same period in 2008, representing a decline of 1.5 per cent.

Shell Oman posts RO 10m net income

Wed, 11 Nov 2009 06:28:51 GMT

Shell Oman Marketing Company SAOG (SOMC) has generated a net income after tax of RO 10.1 million in the nine months, compared to RO 9.7 million in the same period of 2008.

NCB Capital: GCC Economic Monthly (Nov-09)

Wed, 11 Nov 2009 05:14:00 GMT

This is a PDF report.

United Securities: Monthly GCC Top Picks (09-Nov-09)

Mon, 09 Nov 2009 11:45:00 GMT

This is a PDF report.

NBK Capital: MENA in Focus (05-Nov-09)

Thu, 05 Nov 2009 13:03:00 GMT

This is a PDF report.

GBCM: Monthly Market Report (09-Nov-09)

Sun, 01 Nov 2009 15:20:00 GMT

This is a PDF report.

KAMCO: GCC Equity Markets Monthly Review (Oct-09)

Sun, 01 Nov 2009 10:14:00 GMT

This is a PDF report.

Global: GCC Monthly Market Review (Nov-09)

Sun, 01 Nov 2009 07:17:00 GMT

In continuation of Global Investment House coverage on the GCC markets, we have come out with GCC Market Review ? November 2009.

The performance of GCC markets were depressed during Oct-09 as all GCC markets ended the month in red. Among its peers Kuwait witnessed hardest hit as it declined by 7.2 percent during the month. On the other hand, Saudi market remained quite resilient in terms of monthly change as it witnessed a marginal fall of 0.9 percent during Oct-09. With 3Q2009 earning season was well underway during the month, investors paid close attention to corporate announcements and reshuffled their portfolios accordingly.

On the macro front, the price of oil has risen above US$81 a barrel, a new high for the year, as hopes rise that the global economic recovery is picking up pace. The price of oil has risen in recent weeks, largely on the back of strong company results in the US which have fuelled optimism for the global economic recovery.