MSX index ends marginally higher

Business Tuesday 29/June/2021 15:16 PM
By: United Securities
MSX index ends marginally higher

Muscat: The MSX index closed at 4,058.49 points, up 0.01 per cent from the previous close. The Sharia Index ended up 0.41 per cent at 593.19 points.

Dhofar Insurance, up 9.38 per cent, was the top gainer while Gulf International Chemical, down 3.57 per cent, was the top loser. Shares of Madina Takaful were the most active in terms of the number of shares traded as well as in terms of turnover.

A total number of 1,511 trades were executed during the day's trading session, generating a turnover of OMR5 million, with more than 40.6 million shares changing hands. Out of 63 traded stocks, 24 advanced, 11 declined and 2,825 remained unchanged. At the session close, GCC & Arab investors were net sellers for OMR155,000 while Local investors were net buyers for OMR135,000 followed by foreign investors for OMR20,000 worth of shares.

Financial Index closed at 6,473.11 points, up 0.42 per cent. Dhofar Insurance, Vision Insurance, Arabia Falcon Insurance, Muscat Finance and Investment Holding were up 9.38 per cent, 6.98 per cent, 6.90 per cent, and 3.17 per cent respectively. Sohar International Bank was the only loser by 1.03 per cent.

Industrial Index closed at 5,987.17 points, down 0.30 per cent.  National Aluminum Product and Oman Cables Industry were up 8.13 per cent and 0.43 per cent respectively. Gulf International Chemical, Voltamp Energy, Al Anwar Ceramic, Dhofar Cattle Feed and Jazeera Steel Product were down 3.57 per cent, 3.29 per cent, 1.27 per cent, 1.08 per cent and 1.04 per cent respectively.

Services Index was up by 0.27 per cent before closing at 1,715.46 points. Shell Oman Marketing, Oman Education Training, Oman Investment & Financials, Oman National Engineering and Sharqiyah Desalination were up 4.44 per cent, 2.80 per cent, 2.65 per cent, 2.13 per cent and 1.74 per cent respectively. Dhofar Generating, Sembcorp Salalah, Renaissance Services, Oman Telecommunication and Ooredoo were down 1.50 per cent, 1.20 per cent, 0.97 per cent, 0.51 per cent and 0.49 per cent respectively.