Oman's share index ends marginally lower

Business Tuesday 27/April/2021 14:59 PM
By: United Securities
Oman's share index ends marginally lower

Muscat: The MSX index closed at 3,717.59 points, down 0.09 per cent from the previous close. The Sharia Index ended down 0.04 per cent at 525.75 points.

Oman Cables Industry, up 9.60 per cent, was the top gainer while Oman Investment & Financial Bond, down 3.53 per cent, was the top loser. Shares of Galfar Engineering were the most active in terms of the number of shares traded.

A total number of 977 trades were executed during the day's trading session, generating a turnover of OMR32 million, with more than 20 million shares changing hands. Out of 52 traded stocks, 17 advanced, 16 declined and 19 remained unchanged. At the session close, GCC & Arab investors were net buyers for OMR93,000 while foreign investors were net sellers for OMR67,000 followed by Local investors for OMR26,000 worth of shares.

Financial Index closed at 5,754.28 points, down by 0.01 per cent. Al Omaniya Financial Service, Al Madina Investment, Ahli Bank, Oman & Emirates Holding and Al Batinah Development were up 4.65 per cent, 4.55 per cent, 2.91 per cent, 2.22 per cent and 2.08 per cent respectively. Bank Dhofar, Vision Insurance, Al Sharqia Investment, Muscat Finance and HSBC Bank Oman were down 2.78 per cent, 2.67 per cent, 2.30 per cent, 2.27 per cent and 1.94 per cent respectively.

Industrial Index closed at 5,199.18 points, up 1.03 per cent. Oman Cables Industry, Galfar Engineering, Dhofar Cattle Feed, Raysut Cement and Jazeera Steel Product were up 6.70 per cent, 3.70 per cent, 1.06 per cent, 0.75 per cent and 0.64 per cent respectively. Oman Cement, Voltamp Energy, National Aluminum Product and Al Maha Ceramic were down 2.14 per cent, 1.23 per cent, 0.89 per cent and 0.37 per cent respectively.

Services Index was down by 0.06 per cent before closing at 1,577.57 points. Sembcorp Salalah, Oman Investment & Financial and National Gas were up 1.27 per cent, 0.99 per cent and 0.74 per cent respectively. Al Batinah Power and Renaissance Service were down 1.79 per cent and 1.51 per cent respectively.