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Oman shares decline marginally
October 25, 2017 | 5:27 PM
by Times News Service
 
Sharelines

Muscat: Oman’s benchmark MSM30 Index retreated 0.68 per cent to close at 4,998.71 points. The MSM Sharia Index declined 1.08 per cent to end at 729.57 points. Bank Nizwa was the most active in terms of volume while Omantel led in market turnover. The top gainer was Oman & Emirates Holding, up 2.70 per cent while Oman Cables Industry was the top loser, down 7.14 per cent.

A total number of 464 trades were executed on Wednesday, generating turnover of OMR2.13 million with 12.14 million shares changing hands. Out of 34 traded securities, 4 advanced 20 declined and 10 remained unchanged. At the end of the trading session, Local Investors remained net buyers for OMR295K while GCC & Arab Investors were net sellers for OMR187,000 followed by Foreign Investors for OMR108,000 worth of shares.

Financial Index declined 0.48 per cent to close at 7,150.97 points. Oman & Emirates Holding and HSBC Bank gained 2.70 per cent and 2.63 per cent respectively. Al Anwar Holding, Al Sharqia Investments, Al Madina Investments, Al Izz Bank and Gulf Investment Services lost 4.55 per cent, 2.91 per cent, 1.75 per cent, 1.49 per cent and 1.37 per cent respectively.

Industry Index closed at 6,690.84 points, down 0.79 per cent. Al Jazeera Steel, up 1.55 per cent, was the sole sector gainer. Oman Cables, Oman Fisheries and Galfar Engineering declined 7.14 per cent, 2.56 per cent and 1.41 per cent respectively.



Services Index ended at 2,508.16 points, down 0.82 per cent. National Gas, up 0.82 per cent was the sole gainer. Al Maha Petroleum, Omantel, OIFC, Al Jazeera Services and Port Services declined 5.17 per cent, 2.04 per cent, 1.53 per cent, 1.46 per cent and 1.10 per cent respectively.



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