Oman`s Share Index Closes Higher Marginally

Muscat: The MSM30 index ended higher and closed at 4,127.84 points, up by 0.03 percent. The MSM Sharia Index closed at 537.57 points, down by 1.17 percent. Phoenix Power was the most active in terms of volume while Bank Muscat was the most active in terms of turnover. Bank Muscat, up 5.48 percent, was the top gainer while the top loser was Raysut Cement, which lost 6.06 percent.

A total number of 395 trades were executed during the day’s trading session generating a turnover of OMR4.87 million with more than 21.51 million shares changing hands. Out of 34 traded stocks, 4 advanced, 14 declined and 16 remained unchanged. At the session close, Omani investors were net buyers for OMR690,000 followed by foreigners for OMR78,000 worth of shares, while GCC and Arab investors were net sellers for OMR768,000.

Financial Index closed lower by 0.19 percent at 6,802.71 points. Bank Muscat and Ominvest were up by 5.48 percent and 0.59 percent respectively. Ahli Bank, Al Sharqia Investment Holding, Alizz Islamic Bank, Al Madina Takaful, and National Bank Of Oman were down by 4.79 percent, 3.75 percent, 3.41 percent, 1.09 percent, and 0.52 percent respectively.

Industrial Index was down by 1.03 percent at 4,706.51 points. Oman Chlorine was up by 1.52 percent. Raysut Cement, Galfar Engineering, Oman Cement, Oman Fisheries and Oman Flour Mills were down by 6.06 percent, 2.25 percent, 1.85 percent, 1.56 percent, and 0.35 percent respectively.

Services Index closed at 2,008.36 points, up 0.05 percent. Phoenix Power was up by 3.26 percent. Al Jazeera Services, OIFC, Omantel, and Al Batinah Power were down by 4.5 percent, 2.44 percent, 1.21 percent, and 1.12 percent respectively.

Originally published on www.timesofoman.com