MSX index ends higher

Muscat: The MSX index closed at 4,780.57 points, up by 0.57 per cent from the previous close. The Sharia Index ended up by 0.08 per cent at 486.47 points.

SMN Power Holding, up 8.70 per cent, was the top gainer while Al Maha Marketing, down 6.36 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 340 trades were executed during the day's trading session, generating a turnover of OMR2.94 million, with more than 8.7 million shares changing hands. Out of 37 traded securities, 19 advanced, 5 declined, and 13 remained unchanged. At the session close, GCC & Arab investors were net buyers for OMR704,000 while domestic investors were net sellers for OMR499,000, followed by foreign investors for OMR205,000 worth of shares.

Financial Index closed at 7,732.52 points, up 0.79 per cent. Prices of Ominvest, Oman Arab Bank, United Finance, National Bank Oman and Oman & Emirates Investment were up by 5.26 per cent, 1.77 per cent, 1.67 per cent, 1.50 per cent and 1.33 per cent respectively. Prices of National Finance and Bank Muscat were up by 5.33 per cent and 0.69 per cent respectively.

Industrial Index closed at 5,981.42 points, up 0.66 per cent. Prices of Voltamp Energy, Oman Fisheries, Galfar Engineering, Raysut Cement and Jazeera Steel Products were up by 3.45 per cent, 2.41 per cent, 2.00 per cent, 1.60 per cent and 0.80 per cent respectively. Prices of Gulf Mushroom Products were up by 1.22 per cent respectively.

Services Index was down by 0.68 per cent before closing at 1,702.45 points. Prices of SMN Power Holding, Al Batinah Power, Phoenix Power, Musandam Power and Oman National Engineering were up by 8.70 per cent, 3.13 per cent, 1.75 per cent, 1.28 per cent and 0.84 per cent respectively. Prices of Al Maha Marketing and OIFC were up by 6.36 per cent and 3.10 per cent respectively.