MSX index ends lower

Business Tuesday 09/August/2022 15:54 PM
By: United Securities
MSX index ends lower

Muscat: The MSX index closed at 4,650.25 points, down by 0.24 per cent from the previous close. The Sharia Index ended down by 0.7 per cent at 466.89 points.

A'Saffa Foods, up 9.95 per cent, was the top gainer while Raysut Cement, down 4.43 per cent, was the top loser. Shares of HSBC Bank Oman were the most active in terms of the number of shares traded while Bank Muscat were the most active in terms of turnover.

A total number of 785 trades were executed during the day's trading session, generating a turnover of OMR4.34 million, with more than 16.71 million shares changing hands. Out of 50 traded securities, 16 advanced, 24 declined, and 10 remained unchanged. At the session close, GCC & Arab investors were net sellers for OMR696,000 while domestic investors were net buyers for OMR354,000, followed by foreign investors for OMR343,000 worth of shares.

Financial Index closed at 7,414.92 points, down 0.2 per cent. Prices of Bank Dhofar, National Life & General Insurance, Ahli Bank, Muscat Finance and Al Anwar Investment were up by 4.48 per cent, 2.41 per cent, 1.49 per cent, 1.49 per cent and 1.3 per cent respectively. Prices of Ominvest, HSBC Bank Oman, Oman Arab Bank, Global Financial Investments and Al Sharqia Investment were down by 3.49 per cent, 3.21 per cent, 1.64 per cent, 1.54 per cent and 1.18 per cent respectively.

Industrial Index closed at 5,934.02 points, down 0.23 per cent. Prices of A'Saffa Foods, Dhofar Cattle Feed, Gulf International Chemicals, Gulf Mushroom Products and Construction Materials were up by 9.95 per cent, 9.76 per cent, 5.38 per cent, 3.85 per cent and 2.5 per cent respectively. Prices of Raysut Cement, Al Maha Ceramics, Oman Fisheries, Al Anwar Ceramics and Oman Cables Industry were down by 4.43 per cent, 2.22 per cent, 0.89 per cent, 0.49 per cent and 0.42 per cent respectively.

Services Index was down by 0.85 per cent before closing at 1,698.33 points Al Maha Marketing was the only gainer for the day up by 1.66 per cent. Prices of National Gas, Sembcorp Salalah, Al Batinah Power, Phoenix Power and Ooredoo were down by 2.78 per cent, 2.6 per cent, 2.17 per cent, 2.08 per cent and 1.91 per cent respectively.