Oman's financial regulator, the Capital Market Authority (CMA), is encouraging consolidation in the country's crowded financial sector, aiming in the long term for local banks to build a regional presence in the Gulf region. "Maybe we are overbanked i
The MSM 30 Index ended on a negative note to close at 5964.51 points, down by 0.26 per cent. Bank Muscat was the most active in terms of volume as well as turnover. Sohar Power remained as the top gainer for the day and closed up by 8.65 per cent,
Shares listed on the Muscat Securities Market (MSM) rose to the highest in more than 10 months, pushing the MSM general index to 5979.910 amid buying support. Market analysts said MSM 30 Index, the barometer of the market sentiment, is about to break
Healthy buying across the sectors led the MSM index to surge by 0.75 per cent and closed at 5956.13 points. National Aluminium Products was the most active in terms of volume as well as turnover. A'Saffa Foods remained as the top gainer of the day and
The MSM30 index edged up to end on a positive note and closed at 5911.75 points, up by 0.25 per cent. National Aluminium Products was the most active in terms of volume while Bank Muscat was the most active in terms of turnover. A'Saffa Foods was the
The MSM30 Index ended on a flat note to close at 5896.600 points, marginally up by 0.01 per cent. Al Anwar Holding was the most active in terms of volume, while Bank Muscat was the most active in terms of turnover. National Finance stood as the top
The MSM30 Index ended on a flat note to close at 5896.600 points, marginally down by 0.03 per cent. Bank Nizwa was the most active in terms of volume, while Renaissance Services was the most active in terms of turnover. Oman Orix Leasing stood as the
The MSM30 Index ended on a positive note to close at 5812.61 points, up by 0.48 per cent. Gulf Investment Services was the most active in terms of volume as while Nawras was the most active in terms of turnover. United Power was the top gainer for the
Hina Bipin Dharamsey has obtained permission from the Central Bank of Oman (CBO) and Capital Market Authority (CMA) to increase the shareholding (including all related parties) in Al Omaniya Financial Services Company upto 14 per cent.
Oman’s MSM30 index was volatile and ended 2012 with a 1.15 per cent gain. The index declined 15.7 per cent in 2011, primarily due to weak corporate earnings and public protests, which adversely impacted investor sentiment. The index started 2012 on a