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Oman's share index ends marginally higher By: United Securities Muscat: The MSM index closed at 3,667.71 points, up 0.34 per cent from the previous close. The Sharia Index ended down 0.67 per cent at 540.30 points. Oman Arab Bank, up 6.54 per cent, was the top gainer while Oman Cement, down 7.78 per cent, was the top loser. Shares of Ahli Bank were the most active in terms of the number of shares traded as well as in terms of turnover. A total number of 680 trades were executed during the day's trading session, generating a turnover of OMR44.5 million, with more than 388 million shares changi...

Raysut Cement reports 8% rise in total revenue 02 March 2021 Oman's Raysut Cement Group has reported an OMR14.06m (US$36.57m) net loss for the full-year 2020 period, against an OMR2.26m profit in the previous year. The results were attributed to a decline in sales volume in the local market as a result of projects and lower sales realisation per tonne of cement and clinker sold in export markets due to stiff competition from the UAE, Saudi Arabia and Iran. However, the company’s total revenue increased 7.5 per cent YoY to OMR90.38m from OMR84.05m. "The prevailing COVID-19 pa...

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Oman's share index ends marginally lower By: United Securities Muscat: The MSM index closed at 3,578.25 points, down 0.55 per cent from the previous close. The Sharia Index ended up 0.29 per cent at 537.46 points. Galfar Engineering, up 9.30 per cent, was the top gainer while National Bank of Oman, down 5.26 per cent, was the top loser. Shares of National Bank of Oman were the most active in terms of the number of shares traded while Al Anwar Ceramic was most active in terms of turnover. A total number of 701 trades were executed during the day's trading session, generating a turnover of OMR2...

MSM index ends marginally higher By: United Securities Muscat: The MSM index closed at 3,606.12 points, up 0.08 per cent from previous close. The Sharia Index ended up 0.48 per cent at 536.71 points. Omanya F.B 2020 Insurance, up 38.00 per cent, was the top gainer, while Al Oula Company, down 50.00 per cent, was the top loser. Shares of Al Madina Investment was the most active in terms of number of shares traded and Bank Muscat was the most active in terms of turnover. A total number of 484 trades were executed during the day's trading session, generating turnover of OMR1.25 million, with mor...