Oman’s share index declines amid poor trading activity

Muscat: Amid poor trading activity, the MSM30 Index declined 0.17 per cent to close at 5,054.77 points. The MSM Sharia Index ended at 707.50 points, down 0.13 per cent. NBO was the most active in terms of volume as well as in terms of turnover. Al Izz Bank was the top gainer, up 1.61 per cent, while the top loser was Al Batinah Development with a loss of 6.67 per cent.
A total number of 248 trades were executed on Sunday, generating a turnover of OMR989,000 with 5.16 million shares changing hands. Out of 33 traded securities, 6 advanced, 12 declined, and 15 remained unchanged. At the end of the trading session, Omani investors were net buyers for OMR355,000 while Foreign investors were net sellers for OMR310,000 followed by GCC & Arab investors for OMR45,000 worth of shares.
Financial Index closed at 7,427.60 points, down 0.14 per cent. Al Izz Bank and HSBC Bank gained 1.61 per cent, and 1.59 per cent respectively. Al Batinah Development, Al Anwar Holding, Bank Nizwa, Muscat Finance and Al Ahlia Insurance declined 6.67 per cent, 1.35 per cent, 1.10 per cent, 0.91 per cent, and 0.61 per cent respectively.
Industry Index ended at 6,739.81 points, up 0.11 per cent. Voltamp Energy and Al Anwar Ceramics were up by 1.08 per cent, and 0.81 per cent respectively. Galfar Engineering, down 1.32 per cent, was the only loser.
Services Index retreated 0.58 per cent to finish at 2,565.25 points. Al Jazeera Services, up 0.71 per cent, was the only gainer. Port Services, Phoenix Power, Renaissance Services, Shell Oman Marketing and Ooredoo decreased 2.19 per cent, 1.48 per cent, 1.41 per cent, 0.85 per cent and 0.77 per cent respectively.