Muscat Securities Market gains 83 points

21/03/2011 00:00 AST

Oman’s benchmark stock index, the Muscat Securities Market (MSM), rose 1.33 per cent at close in Muscat.

The index of 30 companies traded on the MSM rose 83.42 to 6,353.64. Among the stocks in the index, 21 rose, three fell and six were unchanged. Gains in the Muscat Securities Market 30 Index were led by Renaissance Services, BankMuscat and Dhofar Intl Development.

Gulf shares rose and Saudi Arabia’s benchmark stock index climbed the most in two weeks after Custodian of Two Holy Mosques King Abdullah of Saudi Arabia ordered increases in spending, including $67 billion on housing, to prevent protests from escalating. Saudi Basic Industries, the world’s biggest petrochemical maker known as Sabic, rallied 4.6 per cent.

In Dubai, Emaar Properties, builder of the world’s tallest skyscraper, advanced to the highest in almost a month. Saudi’s Tadawul All Share Index rose 4.5 per cent to 6,343.79 at the 3.30pm close in Riyadh. The DFM General Index gained 2.6 per cent and the Bloomberg GCC 200 Index increased 2.4 per cent.

Kuwait’s SE Price Index fell 0.2 per cent on listless trading. Mobile Telecommunications retreated 4.4 per cent to 1,300 fils after Emirates Telecommunications ended talks to buy a majority stake in the Kuwaiti phone company.


Bloomberg

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
RIBL 13.83 1,519,548
JARIR 177.89 111,251
STC 83.41 257,644
DARALARKAN 13.47 74,648,349

Stock Market Info

MSM 4,794.61 19.33 (0.40%)

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Top Related Companies

Ticker Price Change
BKMB 0.38 0.00 (0.52%)
NLIF 0.32 0.00 (0.00%)
OTEL 0.88 0.00 (0.00%)
BKDB 0.20 0.00 (0.00%)
ORDS.MSM 0.50 0.00 (0.00%)

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