Muscat bourse edges down

15/10/2012 12:45 AST

The MSM30 index ended on a negative not to close at 5638.20 points, down by 0.11 per cent. Bank Nizwa was the most active in terms of volume, while Al Maha Petroleum was the most active in terms of turnover. Port Service Corporation was the top gainer of the day and closed up by 2.76 per cent, while Transgulf Holding was the top loser for the day and closed down by 2.35 per cent.

A total number of 763 trades were executed in yesterday's trading session generating turnover of RO2.69 million with over 9.46 million shares traded. Out of 46 traded stocks, 11 advanced, 19 declined and 16 remained unchanged. Omani investors were net buyers for RO201,000 while foreign investors switched to net sellers for RO113,000 followed by GCC and Arab investors for RO88,000 worth of shares.

Financial Sector Index was down by 0.61 per cent and closed at 6235.20 points. Al Sharqia Investment Holding was the only gainer and was up by 0.98 per cent to close at RO0.103. Transgulf Holding, Al Anwar Holding, Gulf Investment, ONIC Holding and DBIH declined by 2.35 per cent, 2.34 per cent, 2.30 per cent, 1.84 per cent and 1.72 per cent, respectively.

The Industrial Sector Index was up by 0.24 pear cent and closed at 7227.19 points. Oman Refreshment, Oman Fisheries, Jazeera Steel Product, Voltamp Energy and Raysut Cement increased by 2.13 per cent, 0.94 per cent, 0.35 per cent, 0.31 per cent and 0.29 per cent, respectively. Gulf International Chemicals, National Aluminium Products, Al Hassan Engineering, Dhofar Cattlefeed, and Oman Chlorine declined by 1.90 per cent, 1.82 per cent, 1.13 per cent, 1.09 per cent and 0.59 per cent, respectively.

Services Sector Index closed at 2785.61 points, up by 0.07 per cent. Port Service Corp, Renaissance Services, ACWA Power Barka, Nawras and Oman Holding increased by 2.76 per cent, 0.94 per cent, 0.72 per cent, 0.58 per cent and 0.52 per cent, respectively. MN Power Holding, Sohar Power, Al Maha Marketing, OIFC and Oman Telecom declined by 1.15 per cent, 0.79 per cent, 0.55 per cent, 0.54 per cent and 0.51 per cent, respectively.

Abu Dhabi stocks drop

Abu Dhabi's shares dropped the most in almost a month after earnings in Saudi Arabia, the Gulf's biggest economy, disappointed and oil declined.

Dana Gas, the fuel producer with $1 billion in debt maturing this month, lost 2.1 per cent. Arkan Building Materials Co., the owner of companies involved in the construction industry, fell for the first time in four days.

The ADX General Index slipped 0.5 per cent, snapping a four-day advance in the biggest decrease since September 18, to 2,641.84 at the close in Abu Dhabi. Qatar's QE Index rose 0.1 per cent.

Shares in Saudi Arabia, the Gulf Cooperation Council's biggest bourse, slipped 0.3 per cent at 2:03 p.m. in Riyadh to 6,660.35, set for the lowest close since July 23, after local lenders including Saudi British Bank missed earnings estimates. The measure tumbled 1.7 per cent on Saturday. Oil fell on October 12 after the International Energy Agency cut its forecast for global demand, saying slower economic growth may limit fuel consumption.

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