Oman shares fall on dull trading

Muscat: Amid minimal trading activity, the MSM30 Index remained little changed at 5,807.51 points, down 0.01 per cent. The MSM Sharia Index closed at 885.60 points, up 0.04 per cent. HSBC Bank was the most active in terms of volume as well as turnover. Sunday’s top gainer was Phoenix Power, up 1.30 per cent while Oman Textile Holdings was the top loser, down 5.88 per cent.
A total number of 256 trades were executed on Sunday, generating turnover of OMR1.08 million with 7.0 million shares changing hands. Out of 27 traded securities, five advanced, eight declined and 14 remained unchanged. At the session close, Omani investors remained net buyers for OMR233,000 while GCC & Arab Investors were net sellers for OMR150,000 followed by foreign investors for OMR83,000 worth of shares.
Financial Index ended negatively at 7,328.18 points, down 0.15 per cent. Bank Sohar and Bank Muscat gained 0.57 per cent and 0.51 per cent respectively. Al Anwar Holding, HSBC Bank, Gulf Investment Services and Oman & Emirates Holding declined 1.07 per cent, 0.99 per cent, 0.86 per cent and 0.71 per cent respectively.
Industrial Index gained 0.12 per cent to close at 7,326.54 points. Al Jazeera Steel and Gulf International Chemicals increased 0.97 per cent and 0.40 per cent respectively. Oman Textiles and Construction Materials decreased 5.88 per cent and 3.13 per cent respectively.
Services Index declined 0.06 per cent to close at 3,245.21 points. Phoenix Power, up 1.30 per cent, was the only sector gainer. National Gas and Omantel decreased 0.38 per cent and 0.31 per cent respectively.