MSX index ends marginally higher

Muscat: The MSX index closed at 4,017.77 points, up 0.03 per cent from previous close. The Sharia Index up 0.77 per cent at 585.58 points.

Oman Flour Mills, up 9.14 per cent, was the top gainer while Al Madina Investment, down 8.82 per cent, was the top loser. Shares of Al Anwar Investment were the most active in terms of number of shares traded while Oman Telecommunication was the most active in terms of turnover.

A total number of 1,040 trades were executed during the day's trading session, generating turnover of OMR3.7 million, with more than 22.8 million shares changing hands. Out of 59 traded stocks, 20 advanced, 17 declined and 22 remained unchanged. At the session close, GCC & Arab investors were net sellers for OMR473,000 while foreign investors were net buyers for OMR377,000 followed by local investors for OMR95,000 worth of shares.           

Financial Index closed at 6,426.59 points, down by 0.06 per cent. Prices of Muscat Finance, Oman & Emirates Holding, United Finance, Vision Insurance and Taageer Finance were up 6.25 per cent, 5.71 per cent, 5.17 per cent, 2.44 per cent and 2.41 per cent respectively. Al Madina Investment, Oman & Qatar Insurance, Al Omaniya Financial Services, Sohar International Bank and Bank Muscat were down 8.82 per cent, 4.32 per cent, 2.42 per cent, 1.04 per cent and 0.88 per cent respectively.

Industrial Index closed at 5,830.28 points, up 0.74 per cent. Prices of Oman Flour Mills, National Aluminum Product, Jazeera Steel Product, Al Maha Ceramics and Raysut Cement were up 9.14 per cent, 5.04 per cent, 2.01 per cent, 1.51 per cent and 0.37 per cent respectively. Voltamp Energy, Dhofar Cattle Feed, Gulf International Chemicals, Al Anwar Ceramic and Oman Cables Industry were down 6.72 per cent, 5.81 per cent, 5.45 per cent, 1.74 per cent and 0.95 per cent respectively.

Services Index was down by 0.11 per cent before closing at 1,703.33 points. Price of Shell Oman Marketing, SMN Power Holding and Oman Telecommunication were up 3.17 per cent, 1.52 per cent and 1.03 per cent respectively. Al Jazeera Services, Al Batinah Power, Renaissance Service, Oman Investment & Financials and Ooredoo were down 2.51 per cent, 1.89 per cent, 1.41 per cent, 0.76 per cent and 0.52 per cent respectively.