Oman share index falls on regional cues

Muscat: Oman’s benchmark, MSM30 Index, followed regional cues and ended on a weaker note at 5,392.31 points, down 0.17 per cent. The MSM Sharia Index closed at 789.80 points, up 0.06 per cent. Al Madina Investment the most active in terms of volume as well as turnover. Up 5.80 per cent, Al Madina Investment remained the top gainer while Al Jazeera Steel was the top loser, down 4.49 per cent.
A total number of 1,045 trades were executed on Wednesday, generating a turnover of OMR3.00 million with 25.6 million shares changing hands. Out of 44 traded securities, 10 advanced, 12 declined, and 22 remained unchanged. At the session close, Foreign Investors remained net buyers for OMR292,000 followed by GCC & Arab Investors for OMR3,000 while Omani Investors were net sellers for OMR295,000 worth of shares.
Financial Index declined 0.09 per cent to close at 7,987.46 points. Al Madina Investments, Oman Orix Leasing, Al Sharqia Investments, Gulf International Chemicals and Al Izz Bank gained 5.80 per cent, 3.73 per cent, 3.54 per cent, 3.09 per cent and 2.60 per cent respectively. HSBC Bank, Al Madina Takaful, United Finance, Takaful Oman and NBO lost 2.33 per cent, 1.67 per cent, 1.59 per cent, 1.16 per cent and 0.88 per cent respectively.
Industrial Index was stable at 7,311.18 point, up 0.01 per cent. Galfar Engineering and National Aluminium gained 5.06 per cent and 3.33 per cent respectively. Al Jazeera Steel and Oman Fisheries decreased 4.49 per cent and 0.67 per cent respectively.
Services Index retreated 0.15 per cent to finish at 2,764.17 points. Al Jazeera Services, up 0.63 per cent, was the sole gainer. Omantel, Phoenix Power and OIFC decreased 0.79 per cent, 0.74 per cent and 0.51 per cent respectively.