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WEDNESDAY, March 25, 2015 /4 Jumada Al Thani 1436 AH timesofoman.com
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The HM effect March 17
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6,282 Market recovery
Business confidence of investors on the MSM received a shotin-the-arm with the
MSM30 Index
return of His Majesty to the country
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A. E. JAMES & ELHAM POURMOHAMMADI
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businesseditor@timesofoman.com & elham@timesofoman.com 6,223 6,220
6,208 Source: MSM
E M I R O F K U WA I T
HM receives greetings MUSCAT: His Majesty Sultan Qaboos bin Said has received a cable of greetings from His Highness Sheikh Sabah Al Ahmed Al Jaber Al Sabah, Emir of Kuwait on the occasion of the safe return of His Majesty the Sultan to the homeland. Sheikh Sabah expressed his greetings on this occasion. He affirmed that the State of Kuwait; the leadership and people share with His Majesty and the Omani people happiness and joy on this occasion, praying to Allah to perpetuate good health and continuous wellbeing on His Majesty, protect him as leader to continue realising all aspirations of progress, growth and prosperity under HM’s wise leadership. — ONA
HM greets Greece >A6
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MUSCAT: Joy sweeping the nation spread to the Sultanate’s stock market as the value of shares surged close to OMR100 million higher in a single day thanks to the return of His Majesty.
TOP THREE INSIDE STORIES
OMAN
Why is His Majesty the best ruler in the world?
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Citizens and expatriates all over Oman started rejoicing as soon as they heard that His Majesty Sultan Qaboos is back in Oman. The story of “HM returning,” posted online on social networking sites reached out to thousands of readers within minutes of his arrival. There were 170,000 hits for the HM’s arrival stories on the Times of Oman website till 5pm on Tuesday, on Facebook it reached to 108,262 readers. We also asked readers about their thoughts of why HM is the best leader in the world? >A4
OMAN
OMAN
Omani policeman working in UAE jailed
Sultanate to host airport conference
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An Omani working as a policeman in the United Arab Emirates has been jailed for attempting to force a British pilot to pay him Dh3,000 after the Porsche driver made an illegal U-turn in Dubai. He was sentenced to six months in jail, according to a report. >A7
Oman will host a forum on operational preparedness and shifting to new airports under the patronage of Dr Ahmed bin Mohammed Al Futaisi, Minister of Transport and Communications. The twoday conference will be held on Wednesday. >A8
150 feared dead as German plane crashes
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Oman’s business confidence, especially those of investors on the local bourse, received a shotin-the-arm with the return of His Majesty (HM) to the country, after a gap of eight months. Muscat Securities Market witnessed a smart recovery with the MSM 30 Index, the barometer of market sentiment, surging ahead by 1.21 per cent or 75 points to close trading at 6,282.50 points, which translates a straight investor gain of OMR94 million (to close the market at OMR14.80 billion market capitalisation) on a single trading session. Blue chip shares like Bank Muscat gained by 3.1 per cent on better support. As many as 27 shares recovered among 44 stocks traded on the bourse. Around 125 to 130 companies are listed on the Omani bourse. Market sources said that if there was no triggering factor, share values would have gone down on Tuesday due to dividend adjustments. >A6
HM pardons prisoners MUSCAT: His Majesty Sultan Qaboos bin Said, the Supreme Commander, has issued a Royal pardon to a number of prisoners convicted of different cases. Among were 246 prisoners, including 78 foreign prisoners. His Majesty, the Supreme Commander’s Royal pardon coincides with the safe return of His Majesty to the country. May Allah protect His Majesty and grant him a good health, happiness and a long life. — ONA