Bank Muscat

Heavy selling in banking shares drag Oman index lower

Muscat - Arab Today

Dividend adjustment in National Bank of Oman (NBO) along with foreign selling in banking stocks dragged down the MSM30 Index by 0.89 per cent before closing at 5,603.80 points. The MSM Sharia Index closed at 844.38 points, down 0.22 per cent. Bank Muscat was the most active in terms of volume as well as turnover. Oman Education & Training, upRead more

Oman shares fall taking cues from regional bourses

Muscat - Arab Today

Following regional cues, the MSM30 Index dropped 0.22 per cent to finish at 5,617.68 points. The MSM Sharia Index closed at 843.70 points, down 0.32 per cent. Bank Sohar was the most active in terms of volume while Omantel was the most active in terms of turnover. Up 7.27 per cent, Al Hassan Engineering remained top gainer while Al JazeeraRead more

Bank Muscat trading pulls down Muscat index

Muscat - Arab Today

Trading in Bank Muscat’s ex-dividend stock weighed on the MSM30 Index, which closed at 5,670.70 points, down by 0.17 per cent. The MSM Sharia Index ended at 850.22 points, up by 0.29 per cent. Al Batinah Power was the most active in terms of volume while Oman Telecommunications Company led in terms of turnover. The top gainer was BankDhofar, upRead more

Oman refiner hires Credit Agricole for $6b project

Dubai - Arab Today

Oman’s Duqm Refinery & Petrochemical Co. hired Credit Agricole SA to advise on fundraising for its $6 billion project, according to two people with knowledge of the plan. Credit Agricole will help the Omani company raise more than $2 billion in loans, said the people, who asked not to be identified because the information is not public. Funding backed byRead more

Muscat bourse falls on weak sentiment

Muscat - Arab Today

Pressured by sustained foreign selling, the MSM30 Index closed at 5,697.61 points, down by 0.32 per cent. The MSM Sharia Index declined by 0.15 per cent to end at 850.22 points. Bank Muscat was the most active in terms of volume as well as turnover. Up by 1.08 per cent, Voltamp Energy was the top gainer, while Gulf Investment ServicesRead more

Bank Muscat robbers took 150,000 riyals

Muscat - Arab today

Three masked men who robbed the Rumais branch of Bank Muscat last Thursday took more than 150,000 rials (Dh1,426,570), Gulf News has learnt. They are still at large, an official source at the Royal Oman Police (ROP) said on Sunday. “The manhunt continues to nab the suspects,” said the official. The three robbers, one of them armed with a semi-automaticRead more

Bank Muscat gets strong response for its $525m term loan facility

Muscat - Arab Today

Bank Muscat, the flagship financial services provider in the Sultanate, has successfully signed a term loan facility of $525 million with a consortium of 12 relationship banks. The transaction received overwhelming response and was subscribed 1.5 times. The facility with a 3-year tenor was raised at attractive commercial terms and will be used for project financing, general corporate financing andRead more

Muscat bourse recovers on scatted support

Muscat - Arab Today

Shares on the Muscat Securities Market (MSM) edged up on better buying support. The MSM30 index closed higher amid lower trading activity at 5,801.27 points, up by 0.10 per cent. The MSM Sharia Index closed at 859.92 points, marginally up by 0.07 per cent. Al Anwar Holding remained the most active in terms of volume as well as turnover. OmanRead more

Bank Muscat signs $525 million syndicated loan agreement

Dubai - Arab Today

Bank Muscat, Oman’s largest bank by assets, has signed to obtain a $525 million syndicated loan, banking sources said. The three-year facility pays an all-in 170 basis points over the London Interbank Offered Rate, comprising a margin of 155 bps plus 45 bps of bank fees spread over three years. Part of the proceeds of the loan, which was coordinatedRead more

Muscat bourse declines on weak sentiment

Muscat - Arab Today

Shares on the Muscat Securities Market edged down again on weak market sentiment. The MSM30 index fell by 0.14 per cent to close at 5,799.92 points. The MSM Sharia Index ended flat to close at 860.18 points. Al Anwar Holding was the most active in terms of volume as well as turnover. Oman Textile Holding remained the top gainer, upRead more