MSX index ends marginally lower

Business Tuesday 01/February/2022 16:06 PM
By: United Securities
MSX index ends marginally lower

Muscat: The MSX index closed at 4,110.71 points, down by 0.13 per cent from the previous close. The Sharia Index ended down by 0.04 per cent at 501.68 points.

United Finance Company, up 6.25 per cent, was the top gainer while, Muscat City Desalination, down 5.44 per cent, was the top loser. Shares of United Finance Company were the most active in terms of the number of shares traded while that of Al Jazeera Steel was the most active in terms of turnover.

A total number of 658 trades were executed during the day's trading session, generating a turnover of OMR2.63 million, with more than 15.93 million shares changing hands. Out of 39 traded securities, 13 advanced, 9 declined and 17 remained unchanged. At the session close, Omani investors were net buyers for OMR342,000 while GCC and Arab investors were net sellers for OMR245,000 followed by foreign investors for OMR98,000 worth of shares.

Financial Index closed at 6,555.66 points, up 0.04 per cent. Prices of United Finance, Ominvest, Global Financial Investments, Taageer Finance, and HSBC Bank Oman were up by 6.25 per cent, 3.29 per cent, 2.78 per cent, 1.24 per cent, and 1.01 per cent respectively. Prices of Sohar International Bank, Al Anwar Investment, Bank Nizwa, and Ahli Bank were down by 2.7 per cent, 1.18 per cent, 1.00 per cent, and 0.84 per cent respectively.

Industrial Index closed at 5,833.04 points, up 0.60 per cent. Prices of Jazeera Steel Products, Oman Fisheries, and Al Anwar Ceramics were up by 4.12 per cent, 1.85 per cent, and 1.42 per cent respectively. Prices of Raysut Cement were down by 0.50 per cent.

Services Index was up by 0.12 per cent before closing at 1,604.36 points. Prices of Phoenix Power, Renaissance Services, Al Jazeera Services, and National Gas were up by 4.35 per cent, 2.80 per cent, 1.92 per cent, and 0.79 per cent respectively. Prices of Muscat Desalination, OIFC, Oman Telecom, and Ooredoo were down by 5.44 per cent, 2.50 per cent, 1.50 per cent, and 1.11 per cent respectively.