MSX index ends marginally lower

Business Monday 16/August/2021 15:02 PM
By: United Securities
MSX index ends marginally lower

Muscat: The MSX index closed at 4,011.16 points, down 0.21 per cent from the previous close. The Sharia Index up 0.15 per cent at 591.58 points.

National Aluminum Product, up 5.13 per cent, was the top gainer while Al Suwadi Power, down 7.46 per cent, was the top loser. Shares of Muscat Finance were the most active in terms of the number of shares traded while Renaissance Services were most active in terms of turnover.

A total number of 554 trades were executed during the day's trading session, generating a turnover of OMR2.5 million, with more than 12.5 million shares changing hands. Out of 43 traded stocks, 6 advanced, 13 declined and 24 remained unchanged. At the session close, GCC & Arab investors were net buyers for OMR154,000 while local investors were net sellers for OMR79,000 followed by foreign investors for OMR76,000 worth of shares

Financial Index closed at 6,386.94 points, down 0.21 per cent. The price of Oman & Emirates Holding was up 2.78 per cent. While, National Finance, Al Anwar Investment, Muscat Finance, HSBC Bank Oman and Al Sharqia Investment were down 3.57 per cent, 1.65 per cent, 1.56 per cent, 1.05 per cent and 0.99 per cent respectively.

Industrial Index closed at 5,935.51 points, up 0.13 per cent. Prices of National Aluminum Product, Raysut Cement and Al Maha Ceramics were up 5.13 per cent, 2.30 per cent, 0.47 per cent respectively. Galfar Engineering and Jazeera Steel Product were down 1.25 per cent and 0.99 per cent respectively.

Services Index was down 0.49 per cent, closing at 1,706.96 points. Prices of SMN Power Holding and Al Jazeera Services were up 1.61 per cent and 1.00 per cent respectively. Al Suwadi Power, Oman Investment & Financials, Al Batinah Power and Renaissance Services were down 3.70 per cent, 2.33 per cent, 1.96 per cent and 1.74 per cent respectively.