MSX index ends marginally higher

Business Wednesday 16/June/2021 15:17 PM
By: United Securities
MSX index ends marginally higher

Muscat: The MSX index closed at 4,071.19 points, up 0.56 per cent from the previous close. The Sharia Index ended up 1.07 per cent at 581.61 points.

Takaful Oman, up 10.00 per cent, was the top gainer while Muscat Thread Mills, down 8.86 per cent, was the top loser. Shares of United Finance were the most active in terms of the number of shares traded while Bank Muscat was the most active in terms of turnover.

A total number of 1,998 trades were executed during the day's trading session, generating a turnover of OMR6 million, with more than 48 million shares changing hands. Out of 62 traded stocks, 30 advanced, 9 declined and 23 remained unchanged. At the session close, foreign investors were net buyers for OMR751,000 while Local investors were net sellers for OMR418,000 followed by GCC & Arab investors for OMR332,000 worth of shares.

Financial Index closed at 6,448.51 points, up 0.73 per cent. Takaful Oman, Oman & Qatar Insurance, Vision Insurance, United Finance and Muscat Finance were up 10.00 per cent, 9.90 per cent, 8.00 per cent, 7.14 per cent and 5.00 per cent respectively. Oman United Insurance and National Life Insurance were down 1.04 per cent and 0.51 per cent respectively.

Industrial Index closed at 5,844.99 points, up 0.76 per cent. Oman Cables Industry, Oman Flour Mills, Dhofar Cattle Feed, Voltamp Energy and Oman Cement were up 4.48 per cent, 3.98 per cent, 1.06 per cent, 0.72 per cent and 0.40 per cent respectively. Muscat Thread Mills, Jazeera Steel Product, Al Anwar Ceramic and National Aluminum Product were down 8.86 per cent, 1.51 per cent, 1.28 per cent and 0.72 per cent respectively.

Services Index was up by 0.85 per cent closing at 1,710.63 points. Oman Investment & Financials, Muscat Gases, Sembcorp Salalah, SMN Power Holding and Al Jazeera Services were up 6.60 per cent, 3.89 per cent, 3.70 per cent, 1.52 per cent and 0.93 per cent respectively. Sohar Power and Ooredoo were down 2.17 per cent and 0.49 per cent respectively.