MSX index ends marginally lower

Business Sunday 09/May/2021 15:24 PM
By: United Securities
MSX index ends marginally lower

Muscat: The MSX index closed at 3,809.46 points, down 0.01 per cent from the previous close. The Sharia Index ended up 0.03 per cent at 539.50 points.

Construction Material, up 7.14 per cent, was the top gainer while Ominvest, down 1.90 per cent, was the top loser. Shares of National Aluminum Product were the most active in terms of the number of shares traded while Bank Muscat was most active in terms of turnover.

A total number of 466 trades were executed during the day's trading session, generating a turnover of OMR1.2 million, with more than 7 million shares changing hands. Out of 46 traded stocks, 15 advanced, 8 declined and 23 remained unchanged. At the session close, domestic investors were net buyers for OMR160,000 while foreign investors were net sellers for OMR143,000 followed by GCC & Arab investors for OMR17,000 worth of shares.

Financial Index closed at 5,863.72 points, down by 0.31 per cent. Oman Emirates Holding, Muscat Finance, Sohar International Bank, Al Omaniya Financial Services and Oman United Insurance were up 6.52 per cent, 2.17 per cent, 1.10 per cent, 1.00 per cent and 0.53 per cent respectively. Ominvest, National Bank Oman, Al Anwar Investment, Al Sharqia Investment and Bank Nizwa were down 1.90 per cent, 1.25 per cent, 1.11 per cent, 1.09 per cent and 1.05 per cent respectively.

Industrial Index closed at 5,438.41 points, up 0.18 per cent. Construction Material, National Aluminum Product, Galfar Engineering, Raysut Cement and Al Anwar Ceramic were up 7.14 per cent, 4.39 per cent, 1.89 per cent, 1.39 per cent and 0.57 per cent respectively. Jazeera Steel Product was the only loser by 0.55 per cent.

Services Index was up by 0.33% before closing at 1,614.13 points. Phoenix Power, Oman Telecommunication, Al Jazeera Services and Ooredoo were up 2.04 per cent, 1.02 per cent, 0.60 per cent and 0.51 per cent respectively. Renaissance Service was the only loser by 0.50 per cent.