MSX index ends higher

Business Wednesday 22/February/2023 16:59 PM
By: United Securities
MSX index ends higher

Muscat: The MSX index closed at 4,634.34 points, up by 0.03 per cent from the previous close. The Sharia Index ended down by 0.22 per cent at 477.98 points.

Dhofar Insurance, up 9.66 per cent, was the top gainer while Oman Fisheries, down 3.53 per cent, was the top loser. Shares of Bank Muscat were the most active in terms of the number of shares traded while Oman Telecom were the most active in terms of turnover.

A total number of 374 trades were executed during the day's trading session, generating a turnover of OMR2.5 million, with more than 8.99 million shares changing hands. Out of 39 traded securities, 13 advanced, 9 declined, and 17 remained unchanged. At the session close, domestic investors were net buyers for OMR159,000 while foreign investors were net sellers for OMR97,000, followed by GCC & Arab investors for OMR61,000 worth of shares.

Financial Index closed at 7,463.30 points, up 0.13 per cent. Prices of Dhofar Insurance, United Finance, National Bank Oman, Al Sharqia Investment and Sohar International Bank were up by 9.66 per cent, 1.72 per cent, 1.54 per cent, 1.33 per cent and 1.02 per cent respectively. Prices of Al Anwar Investment, Al Madina Takaful and Bank Nizwa were up by 1.25 per cent, 1.10 per cent and 1.01 per cent respectively.

Industrial Index closed at 5,855.56 points, down 0.38 per cent. Prices of Muscat Thread Mill were up by 8.93 per cent respectively. Prices of Oman Fisheries, Raysut Cement, Voltamp Energy and Galfar Engineering were up by 3.53 per cent, 2.40 per cent, 1.96 per cent and 0.53 per cent respectively.

Services Index was up by 1.1 per cent before closing at 1,692.82 points. Prices of Al Maha Marketing, National Gas, Al Batinah Power, SMN Power Holding and Phoenix Power were up by 8.67 per cent, 5.05 per cent, 3.03 per cent, 1.92 per cent and 1.72 per cent respectively. Prices of Renaissance Services and Ooredoo were up by 1.82 per cent and 1.49 per cent respectively.