MSX index ends marginally higher

Business Tuesday 27/July/2021 15:22 PM
By: United Securities
MSX index ends marginally higher

Muscat: The MSX index closed at 4,016.58 points, up 0.27 per cent from the previous close. The Sharia Index down 0.16 per cent at 581.10 points.

United Finance, up 5.45 per cent, was the top gainer while Asaffa Foods, down 5.24 per cent, was the top loser. Shares of Oman Investment & Financials were the most active in terms of the number of shares traded while Ooredoo was the most active in terms of turnover.

A total number of 1,177 trades were executed during the day's trading session, generating a turnover of OMR3.7 million, with more than 25 million shares changing hands. Out of 44 traded stocks, 20 advanced, 8 declined and 16 remained unchanged. At the session close, local investors were net buyers for OMR628,000 while GCC & Arab investors were net sellers for OMR533,000 followed by foreign investors for OMR96,000 worth of shares.         

Financial Index closed at 6,430.45 points, up by 0.40 per cent. Prices of United Finance, Muscat Finance, Oman & Emirates Holding, Global Investment Holding and Sohar International Bank were up 5.45 per cent, 4.92 per cent, 4.48 per cent, 4.48 per cent and 3.23 per cent respectively. Bank Dhofar was the only loser by 1.59 per cent.

Industrial Index closed at 5,787.24 points, up 0.79 per cent. Prices of Galfar Engineering, Raysut Cement, Al Maha Ceramic and Jazeera Steel Product were up 5.26 per cent, 2.30 per cent, 2.05 per cent and 1.53 per cent respectively. Asaffa Foods and National Aluminum Product were down 5.24 per cent and 2.46 per cent respectively.

Services Index was down by 0.16 per cent before closing at 1,705.13 points. Price of Oman Investment & Financials, Al Jazeera Services, National Gas and Renaissance Services was up 3.15 per cent, 1.53 per cent, 1.41 per cent and 0.95 per cent respectively. Shell Oman Marketing, Muscat Gases, Dhofar Generating, Ooredoo and Oman Telecommunication were down 4.33 per cent, 3.43 per cent, 1.57 per cent, 1.03 per cent and 0.51 per cent respectively.