Oman s share index ends marginally lower
By: United Securities
Muscat: The MSX index closed at 3,840.14 points, down 0.05 per cent from the previous close. The Sharia Index ended up 0.72 per cent at 550.50 points.
Madina Takaful, up 5.43 per cent, was the top gainer while Voltamp Energy, down 6.45 per cent, was the top loser. The shares of Madina Takaful were the most active in terms of the number of shares traded as well as terms of turnover.
A total number of 1,131 trades were executed during the day s trading session, generating a turnover of OMR6 million, with more than 25 million shares changing hands. Out of 47 traded stocks, 16 advanced, 12 declined and 19 remained unchanged. At the session close, GCC & Arab investors were net sellers for OMR327,000 while local investors were net buyers for OMR203,000 followed by foreign investors for OMR124,000 worth of shares.
Middle EastMIDEAST STOCKS Top lender FAB boosts Abu Dhabi; Dubai retreats
Reuters
2 minute read
The Abu Dhabi stock market ended higher on Sunday, buoyed by a surge in its top lender First Abu Dhabi Bank (FAB) (FAB.AD) on expectations that an upcoming review by MSCI of its emerging markets index will increase the bank s index weighting and spur foreign fund flows into its shares.
The benchmark index (.ADI) jumped 3.5%, its biggest intraday gain since mid-January, with First Abu Dhabi bank surging more than 10%. The bank has gained significant interest, ever since it completed the takeover of Bank Audi Egypt, said Mohamad Ibrahim, regional director at Exness.
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By: Times News Service
Muscat: In line with the directives of the Supreme Committee on dealing with COVID-19 and its commitment to promoting financial inclusion across Oman, Bank Muscat, has urged all its customers to use its various e-channels for their banking transactions including making payments and fund transfers.
The bank pointed out that the bank’s e-channels and digital channels are continuing to play a key role in promoting health and safety of everyone during a period of enhanced social distancing, while customers also get to enjoy the convenience of banking 24/7 from the comfort and safety of their homes. The move to digital channels will also benefit customers during the upcoming Eid holidays. In particular, Bank Muscat’s continuously upgraded Internet and mobile banking services give customers a fast, comfortable and secure banking experience. Today, large numbers of retail banking customers are using the various features like real-time bill payments for utilitie