Oman shares end lower on lack of buying support
September 18, 2017 | 5:19 PM
by United Securities
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Muscat: Share prices on the Muscat bourse declined further on lack of buying support even at lower levels. The benchmark MSM30 Index continued to decline and closed at 4,986.83 points on Monday, lower by 0.22 per cent. The MSM Sharia Index gained 0.05 per cent to close at 736.65 points. Al Anwar Holding was the most active in terms of traded volume and Asaffa Foods was the most active in terms of turnover. Galfar Engineering was the top gainer, up 4.11 per cent, while Ominvest was the top loser, down 5.86 per cent.

A total number of 689 trades were executed on Monday, generating turnover of OMR2.18 million with 12.5 million shares changing hands. Out of 35 traded securities, 12 advanced, 8 declined and 15 remained unchanged. At the end of the session, GCC and Arab Investors were net buyers for OMR60,000 while foreigners were net sellers for OMR52,000 followed Omani Investors by OMR8 million worth of shares.

Financial Index closed at 7,332.10 points, down by 0.61 per cent. United Finance, Bank Sohar, Al Sharqiya Investments, Al Madina Takaful, and HSBC Bank Oman increased by 2.61 per cent, 1.99 per cent, 1.00 per cent, 0.96 per cent, and 0.89 respectively. Ominvest, Al Anwar Holding, National Bank of Oman, Alizz Islamic Bank, and Taageer Finance were down by 5.86 per cent, 2.56 per cent, 1.89 per cent, 1.43 per cent, and 0.88 per cent respectively.

Industrial Index gained by 0.31 per cent before closing at 6,840.16 points. Prices of Galfar Engineering, and Raysut Cement gained by 4.11 per cent, and 0.92 per cent respectively, while that of Gulf International Chemicals declined by 2.22 per cent.

Services Index closed at 2,511.97 points, up by 0.43 per cent. Port Services, Renaissance Services, Ooredoo, National Gas, and Oman Investment and Finance gained by 3.68 per cent, 1.86 per cent, 1.39 per cent, 1.06 per cent, and 0.63 per cent respectively. Al Jazeera Services and Omantel were down by 1.40 per cent and 0.79 per cent respectively.

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