15/04/2014 05:59 AST
The MSM30 Index ended on a flat note to close at 6820.24 points, down by 0.01 per cent. MSM Sharia Index closed at 1080.44 points, down by 0.04 per cent. Bank Muscat was the most active in terms of volume while OIFC was the most active by turnover. The top gainer was Galfar Engineering which gained 3.56 per cent while Oman Education Training was the top loser of the day, down by 3.59 per cent.
A total number of 1222 trades were executed in today's trading session generating turnover of OMR9.56 million with over 36.75 million shares traded. Out of 64 traded stocks, 13 advanced, 16 declined and 35 were unchanged. Omani investors switched to net buyers for OMR1.822 million while foreign investors switched to net sellers for OMR1.279 million followed by GCC & Arab investors for OMR542,000 worth of shares.
Financial Sector Index was down by 0.08 per cent to close at 8142.25 points. United Finance, National Bank of Oman, Global Financial Investments, Gulf Investments and Al Anwar Holding increased by 0.71 per cent, 0.69 per cent, 0.66 per cent, 0.64 per cent and 0.55 per cent respectively. National Securities, DBIH, Al Madina Investments, Takaful Oman and Oman Emirates declined by 2.81 per cent, 2.54 per cent, 2.38 per cent, 1.85 per cent and 1.75 per cent respectively.
Industrial Sector Index was up by 0.37 per cent to close at 10601.17 points. Galfar Engineering, Construction Materials and Anwar Ceramics increased by 3.56 per cent, 3.28 per cent and 0.34 per cent respectively. Gulf International Chemicals was the loser in the sector and was down by 0.86 per cent to close at OMR0.232.
Services Sector Index was up by 0.03 per cent and closed at 3661.26 points. OIFC and Oman Telecommunications increased by 2.11 per cent and 0.33 per cent respectively. Oman Education Training, Al Kamel Power, National Gas, Nawras and Renaissance declined by 3.59 per cent, 3.13 per cent, 2.13 per cent, 0.68 per cent and 0.59 per cent respectively.
NBK Capital
NBK Capital, the private-equity unit of National Bank of Kuwait, hired Perella Weinberg Partners as adviser to sell its stake in a Saudi consumer-finance company, two people familiar with the matter said.
NBK Capital is seeking to sell its 38 per cent stake in Nayifat Financing, the people said, asking not to be identified as the information is private. Non-Saudi banks in the Middle East and private equity firms have expressed interest in acquiring the stake that NBK Capital bought in 2008, the people said, without identifying potential buyers.
Mergers and acquisitions activity in Saudi Arabia, the Gulf's largest economy, is accelerating as economic growth and financial markets rebound. Royal Philips last month agreed to buy a 51 per cent stake in Saudi Arabia's General Lighting from investors including Carlyle Group. Ashmore Group is in talks with Jadwa Investment to sell its majority stake in a Saudi waste-management company, three people with knowledge of the matter said last week.
Times of Oman
Please wait...
