Oman share index falls on listless trading

Muscat: In a quiet trading session, MSM30 Index remained stable at 5,818.53 points, down marginally by 0.02 per cent. The MSM Sharia Index closed at 875.01 points, down 0.02 per cent. Global Financial Investment was most active in terms of volume and turnover, while also being the top gainer on Sunday, up 3.57 per cent. The top loser was Al Hassan Engineering, down 4.60 per cent.
A total number of 355 trades were executed on Sunday, generating turnover of OMR2.7 million with 14.7 million shares changing hands. Out of 37 traded securities, five advanced, 11 declined and 21 remained unchanged. Omani investors were net buyers for OMR262,000 while GCC & Arab Investors were net sellers for OMR180,000 followed by Foreign investors for OMR82,000 worth of shares.
Financial Index closed at 7,412.11 points, up 0.08 per cent. Global Financial Investment and NBO increased 3.57 per cent and 1.21 per cent respectively. Al Madina Takaful, Bank Nizwa, Bank Sohar and Al Anwar Holding declined 2.70 per cent, 1.33 per cent, 0.57 per cent and 0.43 per cent respectively.
Industrial Index declined 0.05 per cent to end at 7,172.03 points. Construction Materials, Raysut Cement and Oman Cables gained 3.33 per cent, 0.80 per cent and 0.28 per cent respectively. Al Hassan Engineering, Galfar Engineering and Gulf International Chemicals declined 4.60 per cent, 1.92 per cent and 0.80 per cent respectively.
Services Index ended negatively at 3,252.42 points with a loss of 0.25 per cent. Sembcorp Salalah, Phoenix Power, OIFC and Al Batinah Power declined 2.00 per cent, 0.65 per cent, 0.51 per cent and 0.48 per cent respectively.