Oman shares fall on profit taking by retail investors

Muscat: Oman’s benchmark MSM30 Index retreated 0.13 per cent to close at 5,088.71 points. The MSM Sharia Index closed at 742.22 points, down 0.15 per cent. Oman Fisheries was the most active in terms of volume while Omantel led in terms of turnover. The top gainer was Renaissance Services, up 4.29 per cent, while United Finance was the top loser with loss of 9.38 per cent.
A total number of 576 trades were executed on Tuesday, generating turnover of OMR2.33 million with 8.33 million shares changing hands. Out of 41 traded securities, 9 advanced, 15 declined and 17 remained unchanged. At the end of the trading session, Local Investors were net buyers for OMR627,000 followed by Foreign Investors for OMR31,000 while GCC & Arab Investors were net sellers for OMR658,000 worth of shares.
Financial Index declined 0.27 per cent to close at 7,284.78 points. Al Anwar Holding and Oman United Insurance were up by 0.75 per cent and 0.59 per cent respectively. United Finance, NBO, Bank Nizwa, Al Madina Takaful and Bank Dhofar lost 9.38 per cent, 1.51 per cent, 1.08 per cent, 0.96 per cent and 0.49 per cent respectivley.
Industry Index declined 0.10 per cent to end the session at 6,827.26 points. Construction Materials, Voltamp Energy and Oman Cement gained 3.85 per cent, 0.73 per cent and 0.48 per cent respectively. Oman Fisheries, Al Maha Ceramics and Gulf International Chemicals declined 1.65 per cent, 1.36 per cent and 0.99 per cent respectively.
Services Index gained 0.23 per cent to finish at 2,555.81 points. Renaissance Services, Ooredoo, Phoenix Power and Omantel increased 4.29 per cent, 0.80 per cent, 0.76 per cent and 0.38 per cent respectively. Al Jazeera Services, OIFC, Port Services, ACWA Power and Al Suwadi Power lost 6.21 per cent, 2.88 per cent, 2.67 per cent, 1.52 per cent, and 0.70 per cent respectively.