Oman news

(Photo Credit: Arabianeye-Reuters)
27 February 08:09 PM S&P expects GCC commercial borrowing to fall to $75bn
  Mubasher: Standard & Poor’s said in a new report that it expects long-term gross sovereign commercial borrowing for the six member states in the GCC to decline to $75 billion in 2017, from $105 billion in 2016. Sovereign commercial debt with an …
The benchmark index lost 0.22% at close - (Photo Credit: Arabianeye-Reuters)
27 February 01:55 PM MSM closes Monday in red
Mubasher: The main index of the Muscat Securities Market (MSM) ended Monday’s trading session down 0.22% or 12.6 points, and closed at the level of 5,820.96 points. The financial sector fell 0.33% as Al Batinah Development and Investment and Oman …
Oman Fisheries topped the winners (Photo Credit: Mubasher)
27 February 10:29 AM MSM starts Monday in red zone
Mubasher: The main index of Muscat Securities Market (MSM) edged down by 0.11%or 6.64 points to reach 5,826.92 points by 11:10am Muscat time on Monday. The financial segment was the only decliner with 0.33%, dragged by Al Batinah Development and …
Traders at DFM (Photo Credit: Arabianeye-Reuters)
27 February 06:09 AM Gulf exchanges need new liquidity – Analysts
By: Mahmoud Gamal Mubasher: Most Gulf markets need the entry of new liquidity to be able to break important resistance levels on Monday, amid the control of speculations and the decline of oil prices, capital market analyst Ahmed Akl told …
Liquidity amounted to OMR 4.59 million  (Photo Credit: Mubasher)
26 February 12:58 PM MSM in red at Sunday’s close
Mubasher: The main index of the Muscat Securities Exchange (MSM) went down 0.27% or 15.96 points, reaching 5,833.56 points at the end of Sunday’s trading session. The services segment edged down 0.3%, dragged by Ooredoo which fell 2.05%. The …
The dividends account for 70% of the company’s capital (Photo Credit: Instagram)
26 February 10:57 AM Omantel OGM to discuss 70 baisa/shr dividends 30 March
Mubasher: Oman Telecommunications (Omantel) said Sunday that its ordinary general meeting (OGM) will be held on 30 March to discuss a proposal to distribute cash dividends of 70 baisa per share for fiscal year 2016. The dividends account for 70% …
The recommended dividends account for 18% of the capital (Photo credit: Company's website)
26 February 10:41 AM Voltamp Energy OGM to discuss annual dividends 29 March
Mubasher: Voltamp Energy said Sunday that it will hold its ordinary general meeting (OGM) on 29 March to discuss a proposal by the board of directors to distribute cash dividends of 18 baisa per share for fiscal year 2016. The recommended …
Photo Credit: Mubasher
26 February 10:29 AM MSM starts Sunday lower
Mubasher: The main index of Muscat Securities Exchange (MSM) edged down by 0.09% or 5.43 points to reach 5,844.09 points by 11:00am Muscat time on Sunday. The industrial segment went down by 0.1%, dragged by Al Anwar Ceramic Tiles which lost 1.8%. …
Gold prices are expected to decline to 1,220-1,200 points (Photo Credit: Arabianeye-Reuters)
26 February 06:17 AM US dollar likely to strengthen; gold prices to decline
By: Mahmoud Gamal Mubasher: The US dollar is expected to rise this week, amid anticipations of strong economic data that will increase the possibility of a rate hike by the US Federal Reserve next month; thus, pushing gold prices down. The US …
Traders at the Abu Dhabi Securities Exchange (ADX) (Photo Credit: Arabianeye-Reuters)
26 February 05:52 AM Investors likely to buy GCC stocks ahead of dividends
By: Mahmoud Gamal Mubasher: Most Gulf stock markets are expected to rise as portfolio investors will increase their positions, in line with the volatility of global stock and oil markets, analysts told Mubasher. Portfolio investors are likely to …
Omani crude oil reached $53.43 per barrel - (Photo Credit: Arabianeye-Reuters)
25 February 04:07 PM Oman oil down 12 cents
Mubasher: The price of Oman oil for April delivery decreased by 12 cents per barrel, according to the Dubai Mercantile Exchange (DME). Omani crude registered $53.43 per barrel (pb) on Friday, compared to $54.44 pb on Thursday. It’s worth noting …
Kuwait Crude Oil registered $52.71 per barrel on Friday - (Photo Credit: Arabaineye-Reuters)
25 February 12:28 PM Kuwait oil down 23 cents
Kuwait - Mubasher: The price of Kuwaiti oil barrel dropped 23 cents, Kuwait Petroleum Corporation (KPC) said Saturday. Kuwait crude reached $52.71 per barrel (pb) on Friday compared to $52.94 last Thursday, Kuwait News Agency (KUNA) reported. In …
(Photo credit: Arabianeye-Reuters)
24 February 02:39 PM Oman oil down 12 cents in Friday's trades
Mubasher: The price per barrel of Omani oil declined on Friday, according to data released by the Dubai Mercantile Exchange (DME). Omani oil for April delivery declined to $55.54 pb, compared to its closing price of $55.66 pb on Thursday. …
(Photo credit: Arabianeye-Reuters)
24 February 11:41 AM Moody's assigns provisional (P)Baa1 rating to Omani govt's proposed USD global notes
Mubasher: Moody's Investors Service on Thursday assigned a provisional (P)Baa1 senior unsecured issuance rating to the proposed USD-denominated global notes that will be issued by the government of the sultanate of Oman. "Moody's expects to remove …
(Photo credit: Arabianeye-Reuters)
24 February 10:53 AM Oil prices down Friday after US data
Mubasher: The prices of oil declined on Friday after economic data showed a rise in US oil and natural gas stockpiles. Brent crude (for April delivery) decreased 0.18% to $56.4 per barrel. Late Thursday, the Energy Information Administration (EIA) …
Bank Nizwa was the most active stock (Photo Credit: Arabianeye-Reuters)
23 February 12:57 PM MSM main index in red at Thursday’s close
Mubasher: The benchmark index of Muscat Securities Market (MSM) retreated by 0.31% or 17.95 points to close at 5,849.52 points. The financial sector fell by 0.25%, dragged by Al Izz Islamic Bank which fell by 4.1% to be the top the losers. The …
(Photo credit: Arabianeye - Reuters)
23 February 07:15 AM Gold rises after Fed's minutes
By: Mahmoud Gamal Mubasher: Gold prices increased on Thursday, after the US Federal Reserve showed lack of clarity on the new Trump administration's economic programme. By 04:05 GMT, Spot gold inched up 0.25% to $1,237.5 per ounce. US gold futures …
(Photo credit: Arabianeye - Reuters)
23 February 06:20 AM GCC markets' investors repurchase blue chips – Analysts
By: Mahmoud Gamal Mubasher: GCC short- and medium-term investors returned to purchasing leading stocks after the rise of Saudi and Emirati shares. Analysts expected that most of the GCC markets would extend their fluctuating performance that tends …
Locally manufactured goods can substitute imports to local and foreign markets - (Photo Credit: Arabianeye-Reuters)
22 February 02:50 PM Flotation marks new beginning for Egyptian economy - PwC
Cairo - Mubasher: The Central Bank of Egypt’s (CBE) decision to float the Egyptian pound was a step in the right direction towards a free and growing economy, according to a report by PricewaterhouseCoopers (PwC) Middle East, published Wednesday. …
The Muscat Securities Market (Photo credit: Arabianeye - Reuters)
22 February 01:09 PM MSM 30 rises 0.26% at close
Mubasher: The MSM 30 index of the Muscat Securities Market ended Wednesday’s session with an increase of 0.26% or 15.36 points to the level of 5,867.46 points. Trading volume decreased to 0.93 million shares from 29.91 million shares exchanged on …
(Photo credit: The Muscat Securities Market)
22 February 10:22 AM MSM 30 up 0.27% in early trade
Mubasher: The MSM 30 index of the Muscat Securities Market rose at Wednesday’s open by 0.27% or 15.81 points to the level of 5,867.91 points. The index was backed by the rise in some blue chips as Galfar Engineering, Oman and Emirates Investment, …
(Photo credit: Arabianeye - Reuters)
22 February 06:37 AM Oil rises on OPEC commitment to output cut deal
By: Mahmoud Gamal Mubasher: Oil prices increased on Wednesday, after OPEC showed positive expectations concerning the commitment to the production cut agreement. By 03:30 GMT, Brent crude oil futures added 0.27% or 27 cents to $56.93 per barrel; …
(Photo credit: Arabianeye - Reuters)
22 February 06:25 AM Gold falls hours ahead of US Fed minutes
By: Mahmoud Gamal Mubasher: Gold prices decreased on Wednesday, hours before the announcement of the US Federal Reserve meeting's minutes. By 3:15 GMT, Spot gold inched down 0.10% to $1,236.55 per ounce. US gold futures was 0.15% lower, …
(Photo credit: Arabianeye - Reuters)
22 February 05:47 AM GCC markets see important resistance levels – Analysts
By: Mahmoud Gamal Mubasher: The GCC markets will experience important resistance levels on Wednesday, amid the rising trend of oil and the return of expectations around the US interest hike, analysts said. The Saudi Stock Exchange (Tadawul) is …
(Photo credit: The Muscat Securities Market)
21 February 01:39 PM Muscat index closes flat
Mubasher: The Muscat Securities Market (MSM) closed Tuesday’s trading on a flat note as its benchmark MSM 30 index decreased 0.19% to the level of 5,852.11 points. Trading volume decreased to 29.91 million shares from 30.06 million shares …