- Weather
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Max |
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40°C |
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Min |
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30°C |
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Sunrise |
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05 : 30 AM |
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Sunset |
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06 : 30 PM |
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Humidity |
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50 to 80 per cent |
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- Prayer Time
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Fajar |
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03:58 am |
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Dhuhr |
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12:09 pm |
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Asar |
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03:30 pm |
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Magrib |
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06:50 pm |
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Isha |
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08:09 pm |
- Oil Price
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- Gold Price
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Price in RO
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24ct / gm |
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17.37 |
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22ct / gm |
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17.00 |
- Currency Rates
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Forex Rates vs R01
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US Dollar |
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2.60 |
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Euro |
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2.01 |
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Pound |
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1.72 |
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Indian Rs. |
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144.42 |
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Pak Rs. |
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255.85 |
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Bangla Taka |
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201.35 |
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Muscat: The MSM30 Index closed at 5800.52 points, down by 0.62 per cent. Gulf Investment Services was the most active in terms of volume, while Bank Muscat was the most active in terms of turnover. Oman Packaging was the top gainer for the day and closed up by 9.93 per cent while Financial Services was the top loser for the day and closed down by 8.82 per cent.
A total number of 1361 trades were executed in yesterday's trading session generating turnover of OMR6.22 million with over 27.827 million shares traded. Out of 51 traded stocks, 15 advanced, 20 declined and 16 remained unchanged. GCC and Arab investors were net buyers for OMR495,000 followed by foreign investors for OMR8,000 while Omani investors were net sellers for OMR503,000 worth of shares.
Financial Sector Index closed at 6743.70 points, down by 0.87 per cent. Dhofar Insurance, United Finance, Transgulf Holding, Gulf Investment Services and Oman and Emirates Co increased by 9.60 per cent, 2.52 per cent, 1.06 per cent, 0.99 per cent and 0.96 per cent, respectively. Financial Services, DBIH, HSBC Bank Oman , Bank Sohar and ONIC Holding declined by 8.82 per cent, 7.84 per cent, 6.92 per cent, 2.30 per cent and 2.28 per cent, respectively.
The Industrial Sector Index was down by 0.31 per cent and closed at 7678.09 points. Oman Packaging, Voltamp Energy and ASaffa Foods increased by 9.93 per cent, 3.96 per cent and 0.33 per cent, respectively. Jazeera Steel Product, Construction Material Industries, Oman Fisheries, Galfar Engineering and Oman Cement declined by 2.52 per cent, 1.82 per cent, 0.94 per cent, 0.80 per cent and 0.63 per cent, respectively.
Services Sector Index closed at 2955.96 points, marginally down by 0.08 per cent. Al Jazeira Services, Nawras, Port Service Corp and Renaissance Services increased by 0.78 per cent, 0.64 per cent, 0.37 per cent and 0.20 per cent, respectively. Shell Oman Marketing, OIFC and SMN Power Holding declined by 1.46 per cent, 1.35 per cent and 0.07 per cent, respectively.
Emaar shares rally
Emaar Properties PJSC shares jumped to the highest close in more than three years as apartment sales of the developer of the world's tallest skyscraper picked up amid a recovery in Dubai.
Shares of the company with the heaviest weighting on Dubai's index rose 1.5 per cent to 4.88 dirhams, the strongest close since October 2009. The stock was the biggest gainer on Dubai's DFM General Index yesterday, which advanced 1.1 per cent to 1,874.02, the highest since March 2010.
Emaar has rallied 8.9 per cent since the company said on January 27 that a luxury hotel project in central Dubai sold out all units available in the first offering. The stock is set to rise above 5 dirhams, according to Waleed Al Khateeb, senior finance manager at Daman Securities LLC. That would take it to the highest level since the beginning of a real estate crash in Dubai that sent property prices plunging more than 65 per cent.
Emaar has benefited from an increase in home prices in some parts of Dubai, with its apartment sales more than doubling in the third quarter. The developer is set to post a 16 per cent increase in 2012 profit, according to the average estimate.
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