MSX index ends marginally higher

Business Sunday 11/July/2021 14:56 PM
By: United Securities
MSX index ends marginally higher

Muscat: The MSX index closed at 4,132.33 points, up 0.29 per cent from the previous close. The Sharia Index up 0.29 per cent at 596.78 points.

National Gas, up 4.58 per cent, was the top gainer while Al Hassan Engineering, down 31.25 per cent, was the top loser. Shares of National Gas 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 708 trades were executed during the day's trading session, generating a turnover of OMR4 million, with more than 20.5 million shares changing hands. Out of 54 traded stocks, 19 advanced, 12 declined and 23 remained unchanged. At the session close, foreign investors were net buyers for OMR277,000 while local investors were net sellers for OMR252,000 followed by GCC & Arab investors for OMR25,000 worth of shares.    

    
Financial Index closed at 6,584.80 points, up 0.33 per cent. Bank Muscat, Al Anwar Investment, Muscat Finance, National Bank Oman and Global Investment Holding were up 1.82 per cent, 1.80 per cent, 1.61 per cent, 1.53 per cent and 1.45 per cent respectively. Arabia Falcon Insurance, Al Omaniya Financial Services, Vision Insurance, Takaful Oman and HSBC Bank Oman were down 2.34 per cent, 1.60 per cent, 1.14 per cent, 0.99 per cent and 0.98 per cent respectively.

Industrial Index closed at 5,962.66 points, up 0.59 per cent. Oman Cement, Oman Cables Industry, Al Anwar Ceramic, Galfar Engineering and Oman Flour Mills were up 1.61 per cent, 1.45 per cent, 1.24 per cent, 1.20 per cent and 0.99 per cent respectively. Al Hassan Engineering was the only loser by 31.25 per cent.

Services Index was down by 0.14 per cent before closing at 1,766.70 points. National Gas, Oman National Engineering and Renaissance Services were up 4.58 per cent, 1.05 per cent and 0.47 per cent respectively. Muscat Desalinate, Phoenix Power, Dhofar Generating, Oman Telecommunication and Ooredoo were down 3.33 per cent, 2.00 per cent, 0.78 per cent, 0.51 per cent and 0.48 per cent respectively.