Oman share index falls on lack of buying support

Business Monday 30/May/2016 17:05 PM
By: Times News Service
Oman share index falls on lack of buying support

Muscat: Shares on the Muscat bourse continued its decline amid lack of buying support. The MSM30 Index continued its slide for the fifth consecutive session to close at 5,838.56 points, down by 0.88 per cent. The MSM Sharia Index fell by 0.36 per cent to end at 881.03 points. Oman Orix Leasing was most active in terms of volume while Ominvest was the most active in terms of turnover.
As many as 795 trades were executed on Monday, generating turnover of OMR4.7 million with 23.4 million shares changing hands. Out of 41 traded securities, one advanced, 22 declined and 18 remained unchanged. GCC and Arab investors were net buyers for OMR594,000 followed by Omani investors for OMR39,000 while foreign investors were net sellers for OMR633,000 worth of shares.
Financial Indexclosedat 7446.74 points, down by 1.05 per cent. Oman & Emirates, DIDIC, Al Madina Investment and Ominvest declined by 4.93 per cent, 4.76 per cent, 3.13 per cent and 2.83 per cent, respectively.
Industrial Indexwas down by 0.40 per cent to close at 7,244.39 points. Oman Cement, Oman Fisheries, Oman Flour Mills and Jazeera Steel Product declined by 1.67 per cent, 1.67 per cent, 1.03 per cent and 0.96 per cent, respectively.
Services Index closed at 3,240.93 points, down by 0.76 per cent. Al Maha Petroleum, Renaissance Services, Al Batinah Power and Oman Telecommunications Company declined by 4.56 per cent, 2.12 per cent, 0.94 per cent and 0.92 per cent, respectively.