Thursday 26 April 2012

STOCKS NEWS MIDEAST-Oman in biggest 1-day drop in 4 wks - Yahoo! News UK

Oman's bourse makes its largest one-day loss in four weeks, extending declines from last week's nine-month peak as profit-taking accelerates.
The index ends 1.3 percent lower at 5,839 points, its sixth straight decline and biggest one-day drop since march 28. Oman Investment and Finance sheds 1.8 percent, Ahli Bank slips 1.4 percent and National Bank of Oman
eases 1.3 percent.
"The market is coming down in thin volumes - it is clearly pricing in earnings, which were mixed," says Kanaga Sundar, Gulf Baader Capital Markets head of research.

1 comment:

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