26/03/2013 10:46 AST
The MSM 30 paired earlier gains to turn flat and closed at 6169.54 points, marginally up by 0.01 per cent.
Gulf Investment Services was the most active in terms of volume, while Renaissance Services was the most active in terms of turnover. National Mineral Water was the top gainer and closed up by 17.14 per cent, while Al Sharqia Investment, the top loser, was down by 5.73 per cent.
A total number of 2,346 trades were executed in yesterday's trading session generating turnover of OMR10.37 million with over 43.24 million shares traded. Out of 54 traded stocks, 19 advanced, 19 declined and 17 remained unchanged. At the session close, GCC& Arab investors were net buyers for OMR179,000 followed by foreign investors for OMR56,000 while Omani investors were net sellers for OMR 235,000 worth of shares.
Financial Sector Index was up by 0.52 per cent and closed at 7456.01 points. Transgulf Holding, Gulf Investment Services, ONIC Holding, Al Anwar Holding and Bank Dhofar increased by 4.88 per cent, 4.69 per cent, 4.32 per cent, 2.01 per cent and 1.61 per cent respectively. Al Sharqia Investment Services, National Bank of Oman, Ahli Bank, Taageer Finance and Ominvest declined by 5.73 per cent, 1.95 per cent, 1.70 per cent, 1.06 per cent and 0.50 per cent respectively.
The Industrial Sector Index closed at 8387.79 points marginally up by 0.04 per cent. National Mineral Water, Oman Flour Mills, Raysut Cement, Al Hassan Engineering and Gulf International Chemicals increased by 17.14 per cent, 1.48 per cent, 0.65 per cent, 0.55 per cent and 0.53 per cent respectively. Oman Fisheries, National Aluminium Products, Al Anwar Ceramic and Jazeera Steel Product declined by 0.84 per cent, 0.76, 0.65 per cent and 0.65 per cent respectively.
Services Sector Index closed at 3267.43 points, up by 0.13 per cent. Sohar Power, Renaissance Services, Nawras and Al Jazeira Services increased by 4.31 per cent, 1.16 per cent, 0.53 per cent and 0.21 per cent respectively. Dhofar University, Port Service Corporation, Salalah Port Services, United Power and OIFC declined by 1.88 per cent, 1.46 per cent, 0.94 per cent, 0.77 per cent and 0.36 per cent respectively.
Emirates NBD gains
Emirates NBD rose for the third time in four days amid bets first-quarter profit improved and as the largest bank in the UAE was said to sell 10-year bonds.
The shares increased 2.5 per cent to Dh4.05 at the close in Dubai, bringing a rally this year to 42 per cent. Emirates NBD was the biggest gainer on the benchmark DFM General Index, which rose 0.2 per cent. The Dubai-based lender may sell subordinated tier two bonds, two people familiar with the plan said, declining to be identified because the information is private.
The UAE banks are showing signs of recovery after the global credit crisis weakened lending, crimped investment banking and spurred loan defaults.
Emirates NBD's fourth-quarter profit more than tripled and the bank may post a 9.6 per cent increase in 2013 net income, according to the median estimate of four analysts.
Emirates NBD may raise more than $1 billion from private bond placements this year to reduce funding costs and tap investor appetite for Dubai credit.
Bloomberg
Please wait...
