The MSM30 Index increased 0.51 per cent to close at 6,550 points. The advance to decline ratio at the end of the trading session stood at 3.22:1. The total shares exchanged decreased by 45.18 per cent to 7.242 million shares and the total value traded decreased by 31.40 per cent to RO4.386 million.
The market breadth was positive with 29 gainers and nine losers out of 53 traded securities. Among...
Muscat Securities Market (MSM) will open the first day of its sixth annual MSM gathering at the Sultan Qaboos University (SQU) today, under the auspices of Dr Ali Al Bemani, vice-chancellor of the SQU and Yahya bin Said Al Jabri, executive president of the Capital Market Authority (CMA) and in cooperation with Sultan Qaboos University.
The forum will be open for two days, today and tomorrow, and...
Nawras, which sold 40 per cent of its stake at 702 baisas per share to investors, rose 5.41 per cent to close at 740 baisas on its first day of listing yesterday.
However, the 'marginal appreciation' dampened the spirit of retail investors, who were anticipating a fabulous gain on listing, and said; "Historically, Oman's share offers showed a robust appreciation of as high as 100 per cent...
Raysut Cement Company yesterday said that the decision to purchase the UAE-based Pioneer Cement Industries is aimed at increasing the capacity of Raysut as a largest cement producer in the Sultanate, and to enhance its leadership role - locally and regionally as a major player in the region.
"This is in line with its future strategies and efforts to increase its shares in export markets,...