MSX index ends lower

Business Wednesday 29/June/2022 16:27 PM
By: United Securities
MSX index ends lower

Muscat: The MSX index closed at 4,125.1 points, down by 0.07 per cent from previous close. The Shariah Index ended down by 0.42 per cent at 453.23 points.

Takaful Oman, up 4.44 per cent, was the top gainer while Gulf Mushroom Products, down 10 per cent, was the top loser. Shares of Bank Muscat were the most active in terms of number of shares traded as well as in terms of turnover.

A total number of 480 trades were executed during the day's trading session, generating turnover of OMR4.74 million, with more than 14.83 million shares changing hands. Out of 45 traded securities, 8 advanced, 14 declined, and 23 remained unchanged. At the session close, GCC & Arab investors were net buyers for OMR258,000 while domestic investors were net sellers for OMR204,000, followed by foreign investors for OMR55,000 worth of shares.

Financial Index closed at 6,617.95 points, down 0.12 per cent. Prices of Takaful Oman, Global Financial Investments, Bank Dhofar and Bank Muscat were up by 4.44 per cent, 3.08 per cent, 2.61 per cent and 0.38 per cent respectively. Prices of Muscat Finance, Sohar International Bank, Bank Nizwa, National Bank Oman and Al Omaniya Financial Services were down by 2.99 per cent, 1.92 per cent, 1.05 per cent, 0.95 per cent and 0.6 per cent respectively.

Industrial Index closed at 5,749.7 points, down 0.61 per cent. There were no gainers for the day. Prices of Gulf Mushroom Products, Construction Materials, Raysut Cement, Oman Fisheries and National Aluminium were down by 10 per cent, 5.26 per cent, 4.7 per cent, 3.81 per cent and 2.41 per cent respectively.

Services Index was down by 0.02% before closing at 1,573.15 points. Prices of Oman Oil Marketing, OIFC and Oman Telecom were up by 2.38 per cent, 0.83 per cent and 0.46 per cent respectively. Renaissance Services was the only loser down by 1.37 per cent.