S U N DAY, N OV E MB E R 2 9, 2 0 1 5
B3
MARKET Market value of listed companies falls to OMR14b Selling by foreign institutional investors reached OMR3.4 million, constituting 28.7 per cent of the trading value witnessed in the bourse last week
MUSCAT: Total market capitalisation of the Muscat Securities Market (MSM) fell by OMR153.1 million to OMR14.656 billion last week, mainly on account of heavy selling by foreign institutional investors. According to the Muscat bourse, sales of foreign insti-
tutional investors reached OMR3.4 million, constituting 28.7 per cent of the trading value witnessed by the market last week. This amounts to OMR11.7 million against purchases by OMR713,000, representing 6 per cent of the traded volume. Trading volume falls The local bourse witnessed a decline in all indicators last week. In addition to the decline in market value, the trading volume fell to OMR11.7 million, compared to OMR15.3 million in the previous week, down for the third consecutive week. Shares of 39 companies fell, 9 companies rose, and 12 companies maintained at the same level. The general index closed at 5668 points, down by 127 points, or constituting 2.2 per cent down for the fourth consecutive week. The sectoral indices decline ranged from 232 points to the index of the financial sector, about 19 points to the index of Sharia market, 171 points to the industry
ANNUAL SHOW
ANNUAL SUPPLIER FORUM
Indian firms set to participate in home show 2015 Times News Service MUSCAT: Morbi, the powerhouse of India’s ceramic industry, is set to make its Oman debut at the Home Show 2015, the Sultanate’s definitive trade fair on an ideal home environment. The keenly anticipated trade expo, organised by Omani events management firm Global Exhibitions & Conferences, will be held at the Oman International Exhibition Centre between December 7 and 9, said a press release. Adding to the appeal of this year’s edition of the hugely popular annual show is a contingent of leading Indian ceramics manufacturers from Morbi, an industrial town located in the western state of Gujarat. Home to an estimated 600 ceramic units, Morbi is ranked as the second largest ceramic tiles manufacturing hub in the world (the first being Guangdong in China), with a total installed capacity in excess of three million square metres per day. Phenomenal success Morbi’s phenomenal success as India’s indisputable ceramics capital will be showcased at the upcoming Home Show. Seven of the hub’s best-known manufacturers have confirmed their intention to put on display a scintillating array of ceramic tiles and related products that bear the hallmark of Morbi’s world-class quality. Participating in the show are Saimax Ceramics Private Limited, Lexona Ceramic (Latish Ceramic), R K International, Aqval Ceramics, Zibon Ceramic Private Limited, Winsun Ceramics, and Lycos Ceramics. Featuring a stellar range of vitrified, wall, floor, roofing, mosaic and assorted sanitary ware, the collection will pay testimony to Morbi’s reputation as a supplier of a staggering 80 per cent of India’s domestic demand for
index, and 52 points to services index. The shares of Port Services Corporation registered the highest rise as it closed at 127 baisas, up by 4.1 per cent, followed by al Anwar Ceramic Tiles by 1.2 per cent to close at 324 baisas. Four companies that recorded the maximum fall of more than 9 per cent. Al Jazeera Steel Products share declined by 15.5 per cent to close at 130 baisas. Share of United Power fell by 9.9 per cent to close at OMR2.495, Oman Refreshment fell by 9.2 per cent to close at OMR2.250 and Oman and Emirates Investment Holding fell by 9 per cent to close at 90 baisas. Last week’s trading centered on Bank Muscat, which accounted for 22.6 per cent of trading value, with OMR2.6 million turnover, followed by Omantel with OMR1.7 million, representing 14.7 per cent of the trading value. These stocks were followed by Al Anwar Holding with OMR1.2 million, representing 10.6 per cent of trading value. – ONA
ceramic tiles, as well an impressive 5 per cent of the total global demand. Comprehensive mix The Home Show 2015 will feature a comprehensive mix of products and services encompassing all aspects of property development, real estate, homebuilding, furnishing and homeownership space. As many as 120 leading companies and brands from around the world are showcasing their latest offerings across all categories of products and services associated with the ideal home environment. The list includes furniture and furnishings, bedroom and bathroom sets, kitchen systems and appliances, doors and windows, home appliances and electronics, wall and floor coverings, lighting and fixtures, and a selection of smart home solutions. Also taking part are serviceproviders, such as property consultants, interior designers, home décor and improvement specialists, and financial institutions offering home loans, among others. Welcoming the participation of Morbi-based players in this year’s Home Show, C J Paul, managing director—Global Exhibitions & Conferences LLC, commented: “Morbi’s decision to field such a large delegation is a reflection of the robust appeal of The Home Show as an effective platform for B2B transactions and networking opportunities. With Oman’s residential, commercial and retail sector continuing to expand and burgeon, we envision significant opportunities for business and partnership deals during this three-day event.”
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Orpic to hold symposium Times News Service MUSCAT: An annual supplier symposium will be conducted by the Oman Oil Refineries and Petroleum Industries Company (Orpic) on December 7 at the Majan Hall in Sohar. The event will witness participation of all Orpic suppliers across Oman and the world, said a company release. The primary objective of this annual gathering is to provide the suppliers with an opportunity to interact with Orpic key personnel and learn about the various opportunities available within the different functions and projects. It will also help strengthen bonds between Orpic and its suppliers. The full-day symposium will have seminars and offer a chance to engage with key Orpic personnel across various functions and projects. It will also actively address any concerns that suppliers may have about the registration process or any other aspect of the business. JSRS registration is mandatory for all Orpic suppliers. All suppliers are encouraged to register via www.businessgateways.com As a leading organisation, Orpic places emphasis on a transparent ethical business model across its areas of operations.
B I L AT E R A L T R A D E
Tourism offers opportunity B1 to further boost cooperation < FROM
Grech noted that Malta’s tourism sector has been growing over the past decade and this sector is one of the major fields where Malta can share its experience with Oman and help attract more tourists. The two countries can share a lot to help the Sultanate achieve the goals set under the Oman Vision 2020, he said, adding that there are a number of Maltese companies investing in some Omani companies. There is also great potential for training and knowledge sharing, especially in the small and medium enterprise (SMEs) sector, Grech noted.
Two countries can share a lot to help Oman achieve the goals set under the Oman Vision 2020.
New markets The official added that his company represents a number of different brands around the world and helps them grow and access new markets and is keen to work with companies in Oman. BRND WGN is a global, creative branding agency with a strong
strategic arm and an innovative digital team, according to their website. Over the last decade, BRND WGN has built a portfolio working across a diverse mix of European and international clients ranging from airports, airlines and hotels to financial and legal firms, as well as governments.