MSX index ends marginally higher
By: United Securities
Muscat: The MSX index closed at 3,965.50 points, up 0.84 per cent from the previous close. The Sharia Index ended up 0.12 per cent at 565.37 points.
Oman Cables Industry, up 7.39 per cent, was the top gainer while Al Hassan Engineering, down 16.67 per cent, was the top loser. Shares of United Finance were the most active in terms of the number of shares traded while Bank Muscat was the most active in terms of turnover.
A total number of 1,195 trades were executed during the day s trading session, generating a turnover of OMR3.4 million, with more than 27 million shares changing hands.
Abdulrahman Abdul Aziz bin Sulaiman has been a board member and the chief executive officer of GASCO (previously the National Gas and Industrialization Co.) since January last year. It is the only company in Saudi Arabia involved in the refilling, transportation, and distribution of liquefied petroleum gas (LPG). Bin Sulaiman currently leads all of the firm’s LPG business
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LPG gas plant
To ensure safer and more economical solutions for households as well as meet local consumption needs in gas usage, Enyo Retail and Supply Limited has partnered with Rungas Group, an integrated Gas trading and infrastructure company to establish LPG Micro Distribution Centers (MDCs) in Enyo Retail Outlets across Nigeria.
The initiative, according to the firms, is in line with implementing the National Gas policy issued by the Federal Government to ensure improved safety, accessibility and affordability of LPG in Nigeria.
With this partnership, Enyo will be one of the first indigenous companies to set up MDCs across its retail stores. The MDCs provide consumers the option to swap their gas cylinder at the point of purchase or have it delivered to their doorstep.