MSM companies continue to offer higher yields

06/03/2012 10:04 AST

With the Muscat Securities Market attractively priced, it provides ample opportunities for value creation for prudent investors. Besides offering the highest dividend yield in the region supported by the consistent dividend payout, the market also mirrors healthier corporate profitability.

Currently, the market offers potentially great opportunities for investors to take advantage of the temporary under pricing and also benefit from the annual and interim dividend payments.

After the recent fall of the regional markets and the subsequent 16 per cent decline of the index during 2011, the local bourse has recovered around 8 per cent from the 5,400 levels reached during 2011 and shows a positive year-to-date return of about 3 per cent, gaining 5 per cent last month.

“The recent upward move of the market is backed by a reversal in the declining trend of trading activity witnessed in the first half of last year. The market started showing signs of improvement in depth and breadth since August 2011 and influx of liquidity is visible during the last three months signalling regained investor confidence and improving sentiment,” says Suresh Kumar, Head of Research at Al Maha Financial Services.

The market turnover increased by almost 30 per cent in February and foreign participation too was encouraging with net foreign buying reaching RO 3.5 million or 3.9 per cent during the month.

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