Oman shares end on a stable note

Business Tuesday 28/June/2016 15:09 PM
By: Times News Service
Oman shares end on a stable note

Muscat: The MSM30 Index closed on a stable note at 5,761.32 points. The MSM Sharia Index ended at 880.95 points, up 0.20 per cent. Bank Muscat was the most active in terms of volume and turnover. The top gainer was Oman Education & Training, up 9.55 per cent while top loser on Tuesday was Ahli Bank, down 2.70 per cent.
A total number of 545 trades were executed on Tuesday, generating turnover of OMR2.5 million with 11.5 million shares changing hands. Out of 36 traded securities, eight advanced, 10 declined and 18 remained unchanged. At the session close, Omani investors remained net buyers for OMR469,000 followed by GCC & Arab Investors for OMR210,000 while foreign investors were net sellers for OMR679,000 worth of shares.
Financial Index declined 0.10 per cent to close at 7,219.86 points. Bank Nizwa, Oman United Insurance and Bank Sohar gained 1.35 per cent, 1.21 per cent and 0.58 per cent respectively. Ahli Bank, Al Izz Bank, Al Madina Takaful, Al Anwar Holding and Bank Muscat slid 2.70 per cent, 1.72 per cent, 1.39 per cent, 1.16 per cent and 0.53 per cent respectively.
Industrial Index had marginal loss of 0.05 per cent to end at 7,256.16 points. Al Jazeera Steel and Gulf International Chemicals increased 1.03 per cent and 0.41 per cent respectively. Galfar Engineering and Al Hassan Engineering decreased 1.85 per cent and 1.28 per cent respectively.
Services Index closed at 3,225.77 points, up 0.17 per cent. Oman Education & Training, National Gas and Omantel gained 9.55 per cent, 2.33 per cent and 0.62 per cent respectively.