Oman’s share index ends higher

Business Thursday 10/June/2021 17:40 PM
By: United Securities
Oman’s share index ends higher

Muscat: The MSX index closed at 4,029.88 points, up 0.25 per cent from previous close. The Sharia Index ended down 0.10 per cent at 567.36 points. Al Batinah Development, up 11.11 per cent, was the top gainer on Thursday while Muscat Finance, down 3.39 per cent, was the top loser. Shares of Bank Nizwa were the most active in terms of number of shares traded as well as in terms of turnover.

A total number of 836 trades were executed during the day's trading session, generating turnover of OMR12 million, with more than 96 million shares changing hands. Out of 52 traded stocks, 15 advanced, 11 declined and 26 remained unchanged. At the session close, Domestic investors were net buyers for OMR658,000 while GCC & Arab investors were net sellers for OMR331,000 followed by foreign investors for OMR327,000 worth of shares.

Financial Index closed at 6,373.43 points, up 0.32 per cent. Al Batinah Development, Al Omaniya Financial Services, HSBC Bank Oman, Oman Arab Bank and Bank Muscat were up 11.11 per cent, 2.42 per cent, 1.94 per cent, 1.88 per cent and 1.46 per cent respectively. Muscat Finance, Oman United Power, Taageer Finance, Madina Takaful and Ominvest were down 3.39 per cent, 2.06 per cent, 1.28 per cent, 1.02 per cent and 0.63 per cent respectively.

Industrial Index closed at 5,679.61 points, up 0.29 per cent. Gulf International Chemical, National Aluminum Product, Oman Cables Industry, Raysut Cement and Al Anwar Ceramic were up 5.60 per cent, 1.49 per cent, 1.21 per cent 1.02 per cent and 0.43 per cent respectively. Dhofar Cattle Feed and Oman Cement were down 1.06 per cent and 0.80 per cent respectively.

Services Index was up by 0.34 per cent closing at 1,695.03 points. Al Maha Marketing, Shell Oman Marketing and Al Jazeera Services were up 4.12 per cent, 1.48 per cent and 0.47 per cent respectively. Al Batinah Power, National Gas, Oman Telecommunication and Ooredoo were down 1.82 per cent, 0.66 per cent, 0.50 per cent and 0.49 per cent respectively.