Oman’s share index gains on strong buying support

Muscat: Oman’s benchmark MSM30 index closed at 5110.53 points, marginally up by 0.04 per cent. The MSM Shariah Index ended at 719.08 points, marginally up by 0.08 per cent. Oman Fisheries was the most active in terms of volume as well as turnover. The top gainer was Oman Fisheries up by 4.35 per cent while the top loser was Majan College with a loss of 5.01 per cent.
A total number of 782 trades were executed on Tuesday, generating a turnover of OMR3.25 million with 14.2 million shares changing hands. Out of 39 traded securities, 10 advanced, 9 declined, and 39 remained unchanged. At the end of the trading session, Omani investors were net buyers for OMR1.20 million followed by regional investors for OMR96,000 while Foreign investors were net sellers for OMR1.3 million worth of shares.
Financial Index down by 0.17 per cent to close at 7,427.71 points. Al Anwar Holding, Gulf Investment Services, Oman & Emirates and Al Sharqiya Investment increased by 2.72 per cent, 1.28 per cent, 1.27 per cent and 0.93 per cent respectively. Ahli Bank, Al Batinah Development, Bank Sohar and Ominvest declined by 1.71 per cent, 1.11 per cent, 0.64 per cent and 0.44 per cent respectively.
Industry Index ended at 6,764.87 points, up by 0.27 per cent. Oman Fisheries and Al Jazeera Steel Product increased by 4.35 per cent and 0.37 per cent respectively. Al Anwar Ceramic Tiles was the only loser and was down by 0.79 per cent to close at OMR0.125
Services Index was up by 0.17 per cent to finish at 2,579.94 points. Omantel, National Gas and OIFC increased by 2.04 per cent, 1.79 per cent and 1.44 per cent respectively. Majan College, Al Batinah Power, Oreedoo Oman and Shell Oman Marketing declined by 5.11 per cent,1.41 per cent, 0.36 per cent and 0.29 per cent respectively.