Oman shares remain stable, index rises marginally

Muscat: The MSM30 Index remained stable at 5,763.82 points, up marginally by 0.03 per cent. The MSM Sharia Index ended flat at 879.15 points, down 0.01 per cent. Al Batinah Power was the most active in terms of volume and turnover. Monday’s top gainer was Galfar Engineering, up 3.85 per cent while Oman & Emirates Holding was the top loser, down 2.22 per cent.
A total number of 405 trades were executed on Monday, generating turnover of OMR7.1 million with 41.8 million shares changing hands. Out of 36 traded securities, 16 advanced, four declined and 16 remained unchanged. At the session close, Omani investors remained net buyers for OMR274,000 while foreign investors were net sellers for OMR262,000 followed by GCC & Arab Investors for OMR12,000 worth of shares.
Financial Index ended at 7,227.11 points, up 0.12 per cent. Al Sharqia Investments, Gulf Investment Services, Al Anwar Holding, Al Izz Bank and Al Madina Investments gained 2.36 per cent, 1.82 per cent, 1.78 per cent, 1.75 per cent and 1.67 per cent respectively. Oman & Emirates Holding and Global Financial Investment decreased 2.22 per cent and 1.48 per cent respectively.
Industrial Index advanced 0.76 per cent to close at 7,260.09 points. Galfar Engineering, Al Jazeera Steel, Al Maha Ceramics, Al Hassan Engineering and Oman Fisheries increased 3.85 per cent, 3.72 per cent, 3.64 per cent, 2.63 per cent and 1.72 per cent respectively. Raysut Cement declined 0.38 per cent to close at OMR1.300.
Services Index declined 0.06 per cent to close at 3,220.36 points. Omantel, up 0.31 per cent was the only gainer while Ooredoo, down 0.54 per cent, was the only loser.