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FINANCIAL NEWS
Muscat bourse comes 3rd in GCC
04 Jan 2011
(MENAFN) According to a research conducted by the United Securities, Muscat Securities Market (MSM), Oman’s bourse, was ranked as the third best bourse in the GCC region in terms of performance as its general index rose by 6.1 percent in the year of 2010, reported Times of Oman.
The research also ranked Qatar as the first with an increase of 25 percent while Saudi Arabia’s bourse came second with an 8 percent raise.
The research also stated that MSM trade was dominated by A�Saffa Foods and Dhofar Poultry with more than 300 percent returns in 2010. National Mineral Water and Al Shurooq Investment Services were the most falling companies with a decrease of 64 percent and 52 percent respectively.
It is worth noting that in 2010, 68 stocks declined, 42 witnessed increases while only eighteen18 remained unchanged in Oman.
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