Oman share index ends lower

Muscat: The MSM30 index fell by 0.36 per cent to close at 4579.24 points. MSM Sharia index closed at 657.01 points, up by 0.75 per cent. Bank Nizwa was the most active in terms of volume while Bank Muscat was the most active in terms of turnover. The top gainer of the day was Jazeera Services, up by 3.87 per cent while Raysut Cement, down by 8.67 per cent was the top loser of the day.
A total number of 306 trades were executed during the day's trading session generating turnover of OMR1.31 million with more than 6.76 million shares changing hands. Out of 27 traded stocks, 7 advanced, 5 declined and 15 remained unchanged. At the session close, Oman investors were net buyers for OMR533,000 while GCC& Arab investors were net sellers for OMR338,000 followed by Foreign investors for OMR195,000 worth of shares.
Financial Index gained by 0.21 per cent to close at 7207.35 points. Gulf Investment Services, Al Madina Takaful, Al Sharqiya Investment and Bank Muscat gained by 1.94 per cent, 1.83 per cent, 1.67 per cent and 0.53 per cent respectively. National Life and General Insurance was the only loser and was down by 3.53 per cent to close at OMR0.328.
Industrial Index ended Tuesday's session at 6140.08 points, down by 0.59 per cent. Galfar Engineering and Oman Fisheries gained by 2.86 per cent and 0.87 per cent respectively. Raysut Cement and Oman Cement declined by 8.67 per cent and 0.56 per cent respectively.
Services Sector Index fell by 0.24 per cent to close at 2,470.73 points. Al Jazeera Services was the only gainer and was up by 3.87 per cent to close at OMR0.161. Phoenix Power and Omantel fell by 2.44 per cent and 0.55 per cent respectively.