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The Official portal of Oman Chamber of Commerce & Industry
The Official portal of Oman Chamber of Commerce & Industry
The Official portal of Oman Chamber of Commerce & Industry
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| Sultanate
to host Arab chambers’ meeting |
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MUSCAT
- The Sultanate will host the 37th session of the
Arab commerce, industry and agriculture chambers
conference at Al Bustan Palace Hotel from October
14 to 16.
Mohammed bin Al Zubair bin Ali, adviser to His
Majesty the Sultan for economic planning affairs,
will open the conference in the presence of Amr
Moussa, Arab League secretary-general; Dr Mirvat
Tallawi, UN undersecretary-general and executive
secretary of the Economic and Social Commis-sion
for Western Asia (Escwa), and a number of Arab
officials.
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| Alliance
in limelight |
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MUSCAT
- Equities bounced back a little with National
Bank of Oman making a spirited rally on Muscat
Securities Market yesterday. The share opened with
a large upward gap at RO1.250 and quickly climbed
to a high of RO1.300 before settling down to close
at RO1.270, a gain of 80 baisa. The bulk of
yesterday’s trading volume was provided by
Alliance Housing Bank where a large block of
400,000 shares was traded at RO0.690.
Among
the gainers, Oman Holding International closed at
a 52 week high of RO1.540 on the back of a single
deal for 500 shares. Local institutional funds
picked up pivotal shares at prevailing market
prices. In the Parallel Market, once again Al
Khaleej Polypropylene was the volume leader on the
back of negotiated deals at RO1.650.
In the Third Market, a block of 50,000 shares of
Gulf International Chemicals changed hands at
RO0.150. In corporate news, the board of directors
of Transgulf has proposed a 7 per cent cash
dividend. This will be the company’s maiden
dividend. The board of United Power Co. SAOG is
meeting today to decide on payment of an interim
dividend. UPC closed 10 baisa lower to RO1.510 on
very thin volume. - BankMuscat |
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