Oman's share index ends marginally lower

Business Monday 17/May/2021 15:46 PM
By: United Securities
Oman's share index ends marginally lower

Muscat: The MSX index closed at 3,840.14 points, down 0.05 per cent from the previous close. The Sharia Index ended up 0.72 per cent at 550.50 points.

Madina Takaful, up 5.43 per cent, was the top gainer while Voltamp Energy, down 6.45 per cent, was the top loser. The shares of Madina Takaful were the most active in terms of the number of shares traded as well as terms of turnover.

A total number of 1,131 trades were executed during the day's trading session, generating a turnover of OMR6 million, with more than 25 million shares changing hands. Out of 47 traded stocks, 16 advanced, 12 declined and 19 remained unchanged. At the session close, GCC & Arab investors were net sellers for OMR327,000 while local investors were net buyers for OMR203,000 followed by foreign investors for OMR124,000 worth of shares.

Financial Index closed at 5,944.15 points, up by 0.37 per cent. Madina Takaful, Oman & Qatar Insurance, Oman United Insurance, Sohar International Bank and Al Anwar Investment were up 5.43 per cent, 4.55 per cent, 2.11 per cent, 1.10 per cent and 1.08 per cent respectively. Muscat Finance, Al Omaniya Financial Service, Ominvest and Bank Muscat were down 2.04 per cent, 1.75 per cent, 1.32 per cent and 0.50 per cent respectively.

Industrial Index closed at 5,547.35 points, down 0.06 per cent. Dhofar Cattle Feed, National Aluminum Product, Al Maha Ceramic, Jazeera Steel Product and Al Anwar Ceramic were up 5.38 per cent, 2.27 per cent, 1.21 per cent, 1.05 per cent and 0.57 per cent respectively. Voltamp Energy, Galfar Engineering, Oman Cement and Raysut Cement were down 6.45 per cent, 1.82 per cent, 0.79 per cent and 0.34 per cent respectively.

Services Index was down by 0.08 per cent before closing at 1,622.71 points. Oman Investment & Financial, Al Jazeera Services and Renaissance Services were up 2.00 per cent, 0.59 per cent and 0.48 per cent respectively. Oman Telecommunication, Al Suwadi Power and Dhofar Generating were down 1.95 per cent, 1.75 per cent and 0.66 per cent respectively.