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Muscat Confidential
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Day to day goings on in the small, safe and sleepy Indian Ocean country called the Sultanate of Oman, written by a rather cynical, and often crotchety, well-connected expat living in Muscat.
Recent Posts Tagged With 'msm'
Oman decides to use state funds to support the MSM stock market
With over a 50% decline in the Muscat market in the past 6 months, and investors screaming, Oman's Minister of Commerce and Industry has decided to invest 150 million rials in a so-called market stabilisation fund to act as effectively a buyer of la...
China announces half trillion package
OK team. China just announced a big infrastructure stimulation package, DowJones and Nasdaq strongly up. Oil back to $65. And more OPEC volume cuts to come.Sell that bounce.And maybe roll with the dollar. For now... then move to alt currencies except...
I'm still buzzed Barack is President Elect!!! MSM up slightly
Yep. Still find it hard to believe that Barack Obama will be the next US president. Especially when you see how many Americans actually think Palin was capable of being anywhere near National Office. Scary.Short-term, markets will hold, but it won't ...
Panic driven rout continues in MSM, World Economy heading for hell in a handcart
The MSM kept free-falling today, so far down ~7% and showing no sign of a pulse what so ever. The world, as you will know, is finally waking up with a shock to the notion that the credit crunch/financial crisis is going to mean the 'real' economies i...
MSM bounces back down again
Just to keep you up to top speed, another bad day for the Muscat market today. Down down down by around 9% to its lowest since late 2007 at ~6506.MSM 30 Index todayBank Muscat back to 0.900 biasa, below where I tipped it last week (but you already so...
Ministry and The Times of Oman say ‘Everything’s OK in the Markets’
Both the Ministry of Commerce and Essa Al Zedjali say everythings alright in the market, well regulated, etc etc. So that’s OK then. (but always interesting to see how a comment by HE Maqbool or HE Mackie is always followed by an obsequious follow-...
Is tomorrow the time to buy Bank Muscat????
As you may know, on Friday the floor fell out from beneath pretty much every stock market in the world, and as the Muscat Market is closed on Friday, when it re-opens tomorrow its pretty clear where it will be going. Down. Down. Down.The last few day...
MSM plummets
Just a quick post. Despite the latest exhortations from no less a Government personage now than HE Mackie, Minister of National Economy a couple of days ago, the Muscat market continued to drop like a rock thrown off Jebel Shams, hitting 6,626.94 poi...
What's the story with Bank Muscat?
I know this MSM stuff is getting a little boring for many of you. Sorry. So I'll just note how the market fell again ~3% today to less than 7900, as markets in the region and world wide continued to drop by large amounts. But, on top of the overall d...
