Oman’s share index declines on profit-booking

Business Tuesday 19/December/2017 16:55 PM
By: Times News Service
Oman’s share index declines on profit-booking

Muscat: Oman’s benchmark MSM30 Index retreated 0.34 per cent to close at 5,070.35 points. The MSM Sharia Index closed at 705.41 points, down 0.39 per cent. Phoenix Power was the most active in terms of volume while Oman Flour Mills led in terms of turnover. Gulf International Chemicals remained the top gainer, up 3.42 per cent, while the top loser was Oman Flour Mills, down by 3.11 per cent.
A total number of 401 trades were executed on Tuesday, generating a turnover of OMR5.05 million with 17.86 million shares changing hands. Out of 34 traded securities, 9 advanced, 7 declined, and 18 remained unchanged. At the end of the trading session, Omani investors were net buyers for OMR1.19 million followed by GCC & Arab investors for OMR63,000 while Foreign investors were net sellers for OMR1.26 million worth of shares.
Financial Index closed at 7,433.09 points, down 0.22 per cent. Oman & Emirates Holding, United Finance, Oman United Insurance and Bank Muscat gained 1.32 per cent, 0.73 per cent, 0.55 per cent and 0.51 per cent respectively. Ahli Bank, NBO and Vision Insurance lost 1.76 per cent, 1.48 per cent and 0.68 per cent respectively.
Industry Index declined 0.41 per cent to finish at 6,723.13 points. Gulf International Chemicals and Oman Fisheries increased 3.42 per cent and 0.70 per cent respectively. Oman Flour Mills, Raysut Cement and Galfar Engineering declined 3.11 per cent 1.96 per cent and 1.28 per cent respectively.
Services Index ended unchanged at 2,582.45 points. Port Services, Shell Oman Marketing and Ooredoo increased 1.65 per cent, 1.18 per cent and 0.39 per cent respectively. Omantel, down 1.65 per cent, was the sole loser.