MSX index ends higher

Muscat: The MSX index closed at 4,508.68 points, up by 0.72 per cent from the previous close. The Sharia Index ended up by 0.7 per cent at 481.57 points.

Oman Qatar Insurance, up 5.41 per cent, was the top gainer while Muscat Thread Mill, down 8.7 per cent, was the top loser. Shares of HSBC Bank Oman were the most active in terms of the number of shares traded while Ooredoo were the most active in terms of turnover.

A total number of 331 trades were executed during the day's trading session, generating a turnover of OMR1.9 million, with more than 8.33 million shares changing hands. Out of 40 traded securities, 16 advanced, 9 declined, and 15 remained unchanged. At the session close, domestic investors were net buyers for OMR86,000 while foreign investors were net sellers for OMR79,000, followed by GCC & Arab investors for OMR7,000 worth of shares.

Financial Index closed at 7,163.24 points, up 0.33 per cent. Prices of Oman Qatar Insurance, National Bank Oman, Bank Dhofar, Sohar International Bank and Oman Arab Bank were up by 5.41 per cent, 3.31 per cent, 1.45 per cent, 0.97 per cent and 0.83 per cent respectively. Prices of Muscat Finance, Ahli Bank and Ominvest were down by 1.54 per cent, 1.54 per cent and 1.2 per cent respectively.

Industrial Index closed at 6,284.77 points, down 0.09 per cent. Prices of National Aluminium, Al Anwar Ceramics, Gulf Mushroom Products, Oman Fisheries and Galfar Engineering were up by 4.88 per cent, 2.56 per cent, 2.04 per cent, 1.89 per cent and 0.61 per cent respectively. Prices of Muscat Thread Mill, Dhofar Cattle Feed, Raysut Cement and Oman Cement were down by 8.7 per cent, 5 per cent, 4.31 per cent and 0.67 per cent respectively.

Services Index was up by 0.48 per cent before closing at 1,621.53 points. Prices of SMN Power Holding, Oman National Engineering, Ooredoo and Oman Telecom were up by 3.13 per cent, 2.8 per cent, 2.02 per cent and 1.33 per cent respectively. There were no losers for the day.