MSX index ends marginally lower

Business Monday 21/March/2022 17:45 PM
By: United Securities
MSX index ends marginally lower

Muscat: The MSX index closed at 4,302.38 points, down by 0.29 per cent from the previous close. The Sharia Index ended down by 0.49 per cent at 488.82 points.

Vision Insurance, up 5.00 per cent, was the top gainer while, A'Saffa Foods, down 4.80 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 515 trades were executed during the day's trading session, generating a turnover of OMR3.2 million, with more than 9.7 million shares changing hands. Out of 81 traded securities, 11 advanced, 17 declined and 53 remained unchanged. At the session close, foreign investors were net sellers for OMR227,000 while domestic investors were net buyers for OMR173,000 followed by GCC & Arab investors for OMR55,000 worth of shares.

Financial Index closed at 6928.16 points, down by 0.29 per cent. Prices of Vision Insurance, Al Sharqia Investment, Sohar International Bank, Oman & Emirates Investment, and Oman United Insurance were up by 5 per cent, 4.71 per cent, 1.72 per cent, 1.43 per cent, and 1.04 per cent respectively. Prices of Muscat Finance, Bank Dhofar, Ahli Bank, National Bank Oman, and Global Financial Investments were down by 1.67 per cent, 1.65 per cent, 1.61 per cent, 1.43 per cent, and 1.41 per cent respectively.

Industrial Index closed at 6008.18 points, down by 0.08 per cent. Prices of Voltamp Energy, Jazeera Steel Products, Oman Flour Mills, Raysut Cement, and Al Anwar Ceramics were up by 1.67 per cent, 0.47 per cent, 0 per cent, 0 per cent, and 0 per cent respectively. Prices of National Aluminium, Oman Fisheries, Oman Cables Industry, Oman Cement, and Al Maha Ceramics were down by 1.18 per cent, 1.15 per cent, 0.49 per cent, 0.42 per cent, and 0.4 per cent respectively.

Services Index was down by 0.39 per cent before closing at 1625.56 points. Prices of Dhofar Generating, Oman National Engineering, Oman Telecom, OIFC, and Ooredoo were up by 1.79 per cent, 1.77 per cent, 0.92 per cent, 0 per cent, and 0 per cent respectively. Prices of National Gas, Al Suwadi Power and Al Jazeera Services were down by 2.14 per cent, 2.04 per cent, 1.08 per cent respectively.