Business


Oman stock market ends higher



Muscat: MSM 30 index closed at 7183.95 points, up  by 0.03 per cent. MSM Sharia Index closed at 1069.17 points, down by 0.12 per cent.  Oman & Emirates was the most active in terms of volume while Omantel was the most active in terms of turnover.  DIDIC was the top gainer of the day with 3.62 per cent gain while Dhofar Cattlefeed was the top loser and closed down by 4.78 per cent.

A total number of 836 trades were executed on Tuesday's trading session generating turnover of OMR4.40 million with over10.95 million shares traded. Out of 58 traded stocks, seven advanced, 25 declined and 26 were unchanged. At the session close, GCC & Arab investors switched to  net buyers for OMR94,000 followed by foreign investors for OMR43,000 while Omani investors were net sellers for OMR137,000 worth of shares.

Financial Sector Index down by 0.11 per cent at 8753.31 points. DIDIC, Ominvest and Taageer Finance increased by 3.62 per cent, 2.93 per cent and 2.74 per cent respectively. HSBC Bank Oman, ONIC Holding, Financial Services and Oman& Emirates declined by 3.45 per cent, 2.10 per cent, 1.82 per cent and 1.73 per cent respectively.

The Industrial Sector Index was down by 0.11 per cent at 10035.88 points.  Dhofar Cattlefeed,  Al Hassan Engineering,  Oman Cement and Al Jazeera Steel Product declined by 4.78 per cent, 1.32  per cent,  1.06 per cent and 0.48 per cent respectively. Services Sector Index was  marginally up by 0.02 per cent at 3666.42 points. Sembcorp Salalah,  Al Batinah Power, Al Suwadi Power and Oman Telecom increased by 0.70 per cent, 0.60 per cent, 0.59 per cent and 0.59 per cent respectively. Al Jazeira Services, ACWA Power  Barka and  Oman Oil Marketing declined by 3.74 per cent, 0.55 per cent and 0.22 per cent respectively.

NBAD boosts profit
National Bank of Abu Dhabi (NBAD), the United Arab Emirates' biggest lender, raised its full-year profit forecast and said it hired 150 senior managers amid increasing growth at its fee-generating businesses.
Net profit will probably rise eight per cent to 10 per cent in 2014, up from an earlier forecast of six per cent to eight per cent, the bank said on Tuesday. Revenue will likely be six per cent to eight per cent higher than in 2013, it said.

"We are seeing positive underlying trends across our businesses, particularly our fee-generating businesses," CEO Alex Thursby said in the statement.

Share 

 Rate this Article
Rates : 0, Average : 0

Share more.

Post a Comment

Did you like this section? Leave a comment!
Your Name : Your Email Address :
Your Comment :
Enter Image Text:
 
No Comments Posted