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Article: Muscat stands up to be counted: typically eclipsed by regional rivals, the MSM is quietly outperforming.(Capital markets: Oman)(Muscat Securities Market)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- July 9, 2004
- Author:
CopyrightCOPYRIGHT 2004 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Trading volumes on the Muscat Securities Market (MSM) have been on the rise since March, as plentiful liquidity is channelled into local equities. Investor sentiment is bullish, helping to push the benchmark
MSM index up by 25 per cent since the start of the year. And a series of initial public offerings (IPOs) planned before the end of the year will find a market thirsting for new investment opportunities.
Banking stocks dominate the MSM and the biggest of them, Bank Muscat, has been setting a good example. Its shares have risen by 45 per cent since the start of the year and the bank is offering ample justification for investor confidence. It was recently ...
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... ... Prince Mishaal bin Abdulaziz al-Saud Yanbu Cement Company (YCC) is one of the four leading Saudi cement ... firms, which also include Southern Province Cement Company, Sandi Cement Company and Yamama Cement Company, accounted for ...
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