19/06/2013 10:22 AST
The MSM30 Index ended on a negative note to close at 6493.46 points, down by 0.25 per cent. Gulf Investment Services was the most active in terms of volume as well as turnover. DBIH was the top gainer for the day to close up by 5.26 per cent while ACWA Power Barka was the top loser for the day and closed down by 2.11 per cent.
A total number of 1227 trades were executed in yesterday's trading session generating turnover of OMR5.73 million with over 24.72 million shares traded. Out of 57 traded stocks, 26 advanced, 10 declined and 21 remained unchanged. At the session close, Omani investors were net buyers for OMR135,000 while GCC & Arab investors for OMR134,000 followed by GCC & Arab investors for OMR1,000 worth of shares.
Performance index
Financial Sector Index was down by 0.23 per cent and closed at 7893.04 points. DBIH, Al Sharqia Investment, DIDIC, Financial Services, United Finance and Gulf Investment Services increased by 5.26 per cent, 2.49 per cent, 1.99 per cent, 1.79 per cent, 0.65 per cent and 0.57 per cent respectively. Bank Sohar, Ahli Bank and Al Anwar Holding declined by 1.46 per cent, 1.00 per cent and 0.45 per cent respectively.
The Industrial Sector Index closed at 9408.44 points, down by 0.23 per cent. Oman Cement and Voltamp Energy increased by 0.27 per cent and 0.25 per cent respectively.
Construction Material Industries, Raysut Cement, Oman Fisheries and Oman Cables declined by 1.24 per cent, 1.13 per cent, 0.91 per cent and 0.82 per cent respectively.
Services Sector Index was down by 0.25 per cent and closed at 3355.70 points. Nawras was the only loser in the sector and was down by 0.61 per cent to close at 0.497. ACWA Power Barka, Al Jazeira Services, OIFC, SMN Power Holding and Oman Telecom declined by 2.11 per cent, 1.03 per cent, 1.02 per cent, 0.39 per cent and 0.07 per cent respectively.
Qatar bonds trading
Qatar Exchange yesterday announced the introduction of government bonds issued by the Qatar Central Bank for trading on the exchange, which will commence on Thursday 20 June 2013, in a step that supports the development of the financial market in the state on the one hand and diversification of investment tools available for banks, institutions and investors on the other.
The trading of government bonds follows the trading of T-Bills, which was launched in December 2011. At the launch of the government bond market, 4 bonds will be available for trading and it is expected that the future quarterly issues will also be listed on the market.
Rashid bin Ali Al Mansoori, CEO of Qatar Exchange, explained that the bonds trading entails various investment benefits and advantages on the grounds that they constitute an important source of diversification of securities that would provide a wider range of investors with various types of investment choices. He elaborated that the bonds can provide investors with fixed regular income.
Al Mansoori stated that the listing of government bonds comes as a first stage to launch a market for corporate bonds intended to finance the companies' expansion plans and provide investment opportunities to take advantage of the growth of the national economy and the successes achieved by the Qatari companies. In addition to the information on the QE website, Qatar Exchange will spare no effort in holding public seminars.
Times of Oman
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