Muscat Securities Market Muscat Securities Market

4,279.87 -28.87 -0.67 %

Oman's share index ends marginally lower

(12/24/2018 7:40:00 AM)

The MSM30 index ended marginally lower by 0.02 per cent to close at 4,336.18 points. MSM Sharia Index closed at 593.51 points, down by 0.91 per cent. Bank Muscat was the most active in terms of volume and in terms of turnover. The top gainer of the day was Takaful Oman Insurance, up by 5 per cent while the top loser was Oman Cables Industry which closed lower by 4.78 per cent.

A total number of 226 trades were executed during the day's trading session generating turnover of OMR423,000 with more than 2.63 million shares changing hands. Out of 32 traded stocks, 2 advanced, 16 declined and 14 remained unchanged. At the session close, foreign investors were net sellers for OMR54,000, followed by GCC and Arab investors for OMR15,000 while Omani investors were net buyers for OMR69,000 worth of shares.

Financial Index lost 0.04 per cent to at 6,814.47 points. Takaful Oman Insurance, and Bank Dhofar were up by 5 per cent and 2.99 per cent respectively. Al Sharqia Investment Holding, Al Madina Investment, Al Madina Takaful, Gulf Invest Services Holding and Bank Nizwa were down 3.3 per cent, 2.7 per cent, 2.08 per cent, 1.39 per cent and 1.12 per cent respectively.

Industrial Index lost 1.36 per cent to close at 5,108.77 points. There were no gainers on Sunday. Oman Cables Industry, Oman Fisheries, Oman Packaging, Galfar Engineering and Al Anwar Ceramic Tiles were down 4.78 per cent, 4.41 per cent, 3.57 per cent, 3.45 per cent and 2.67 per cent respectively.

Services Index lost 0.28 per cent to close at 2,292.06 points. There were no gainers on Sunday. Al Batinah Power, Al Jazeera Services and OIFC were down 4.63 per cent, 2.63 per cent and 1.25 per cent respectively.

Times of Oman