MSX index ends marginally lower

Business Wednesday 16/March/2022 17:47 PM
By: United Securities
MSX index ends marginally lower

Muscat: The MSX index closed at 4,312.02 points, down by 0.72 per cent from the previous close. The Sharia Index ended down by 0.20 per cent at 491.44 points.

Voltamp Energy, up 8.91 per cent, was the top gainer while, Sohar International Bank, down 4.03 per cent, was the top loser. Shares of Bank Muscat were the most active in terms of the number of shares traded as well as in terms of turnover.

A total number of 398 trades were executed during the day's trading session, generating a turnover of OMR3.43 million, with more than 11.9 million shares changing hands. Out of 36 traded securities, 5 advanced, 16 declined and 15 remained unchanged. At the session close, foreign investors were net sellers for OMR341,000 while domestic investors were net buyers for OMR351,000 followed by GCC & Arab investors for OMR10,000 worth of shares.

Financial Index closed at 6989.27 points, down by 0.56 per cent. Prices of Bank Dhofar, Vision Insurance, Muscat Finance, Al Sharqia Investment, and Ominvest were up by 0.83 per cent, 0 per cent, 0 per cent, 0 per cent, and 0 per cent respectively. Prices of Sohar International Bank, Global Financial Investments, Al Anwar Investment, Bank Nizwa, and Ahli Bank were down by 4.03 per cent, 1.39 per cent, 1.16 per cent, 1 per cent, and 0.8 per cent respectively.

Industrial Index closed at 5949.7 points, down by 0.04 per cent. Prices of Voltamp Energy, Oman Fisheries, Oman Cables Industry, Oman Flour Mills, and Al Maha Ceramics were up by 8.91 per cent, 3.61 per cent, 0 per cent, 0 per cent, and 0 per cent respectively. Prices of Construction Materials, Al Anwar Ceramics, Galfar Engineering, National Aluminium, and Raysut Cement were down by 2.27 per cent, 2.2 per cent, 1.41 per cent, 1.24 per cent, and 0.57 per cent respectively.

Services Index was down by 0.3 per cent before closing at 1624.8 points. Prices of Al Suwadi Power, Al Batinah Power, Oman National Engineering, Ooredoo, and Oman Telecom were down by 2.04 per cent, 2.04 per cent, 1.74 per cent, 1.15 per cent, and 0.47 per cent respectively.