Jan 04 2006 |
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Oman: Index scores 52.35 points on bullish sentiments
MUSCAT -- Bullish sentiments continued on the equities market as the MSM-30 index ended the trading session 52.35 points (1.04 per cent) higher at 5074.29 points. Healthy gains were made across all the three sectors, with services and insurance reporting the highest gains of 1.17 per cent (23.57 points), followed by the financial sector -- 1.02 per cent -- and the industrial sector -- one per cent. A total of 56 scrips were traded on the MSM with 39 advances, 11 declines as six scrips remained unchanged. Of the 39 advancing scrips, Al Anwar Holding recorded the highest growth of 7.39 per cent (130 baisas). Other top advancers were: Al Batinah Development, Al Hassan Engineering, Oman & Emirates Investment (UAE) and Oman & Emirates Investment (Oman).As for the decliners, National Detergent noted the largest fall shedding 210 baisas (17.8 per cent) to close at RO0.970. Total trading volumes of 3.4 million generated proceeds worth over RO9.8 million during yesterday's session. Omantel led the market interns of volume and value as 1.08 million shares worth RO1.88 million changed hands. High levels of activity were also witnessed on the banking scrips as BankDhofar and OIB were amongst the top five volume and value leaders. Ahmed bin Abdulnabi Macki, minister of National Economy, on Monday announced that the proposal to disinvest the government's 55 per cent stake in Oman Flour Mills had been cleared and that the government is carrying out a study to disinvest its stakes in Oman Fisheries Company, Oman Chromite, Golden Tulip Hotel and Oman National Transport Company.
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