Oman's share index ends marginally higher
January 2, 2018 | 4:52 PM
by United Securities
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Muscat: The initial public offering (IPO) of Muscat City Desalination Company (MCDC) dominated the trading session on Tuesday. The MSM30 Index gained 0.23 per cent to close at 5,093.69 points. The MSM Sharia Index closed at 714.97 points, up 0.24 per cent. MCDC was the most active in terms of volume as well as turnover. With listing gain of 35.34 per cent, MCDC was the top gainer while Muscat Finance, down 1.82 per cent was the top loser.

A total number of 10,066 trades were executed on Tuesday, generating a turnover of OMR5.03 million with 33.17 million shares changing hands. Out of 31 traded securities, 12 advanced, 2 declined, and 17 remained unchanged. At the session close, Omani Investors were net buyers for OMR251,000 followed by GCC & Arab Investors for OMR125,000 while Foreign Investors switched to net sellers for OMR376,000 worth of shares.

Financial Index advanced 0.48 per cent to close at 7,497.28 points. Financial Services, Al Anwar Holding, Bank Nizwa, Al Madina Takaful and Ahli Bank increased 21.53 per cent, 3.42 per cent, 1.11 per cent, 1.01 per cent and 0.58 per cent. Muscat Finance and United Finance declined 1.82 per cent and 1.42 per cent respectively.

Industrial Index ended at 6,851.74 points, up 0.34 per cent. Oman Fisheries, up 4.73 per cent, was the sole mover in the sector.

Services Index gained 0.42 per cent to finish at 2,640.27 points. MCDC, Al Jazeera Services, OIFC, Renaissance Services and Al Batinah Power increased 35.34 per cent, 5.00 per cent, 2.21 per cent, 2.07 per cent and 0.72 per cent respectively.

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