Oman shares stage partial recovery
January 22, 2018 | 4:52 PM
by United Services
Times file picture

Muscat: Oman’s benchmark MSM30 Index staged a partial recovery to close at 4,989.09 points, up 0.21 per cent. The MSM Sharia Index gained 0.53 per cent to end at 714.36 points. Oman & Emirates Holding was the most active in terms of volume while Ooredoo was most active in terms of turnover. The top gainer was Al Hassan Engineering, up 4.17 per cent, while Ahli Bank, down 1.22 per cent was the top loser.

A total number of 490 trades were executed on Monday, generating a turnover of OMR2.59 million with 11.77 million shares changing hands. Out of 39 traded securities, 12 advanced, 4 declined, and 23 remained unchanged. At the session close, Omani Investors were net buyers for OMR133,000 followed by GCC & Arab Investors for OMR12,000 while Foreign Investors remained net sellers for OMR145,000 worth of shares.

Financial Index was stable at 7,334.70 points, up 0.08 per cent. Al Izz Bank, National Life, Bank Nizwa, Al Anwar Holding and Bank Sohar gained 4.05 per cent, 3.23 per cent, 1.11 per cent, 0.68 per cent and 0.67 per cent respectively. Ahli Bank and Bank Muscat declined 1.22 per cent and 1.01 per cent respectively.

Industrial Index gained 0.25 per cent to close at 6,678.82 points. Al Hassan Engineering and Al Jazeera Steel increased 4.17 per cent and 3.57 per cent respectively. Oman Fisheries, down 0.74 per cent, was the sole loser.

Services Index closed at 2,619.90 points, up 0.26 per cent. Ooredoo, Renaissance Services, Al Jazeera Services, Oman National Engineering and Omantel gained 2.04 per cent, 0.65 per cent, 0.63 per cent, 0.52 per cent and 0.44 per cent respectively. MCDC, down 0.61 per cent, was the only loser.

Subscribe to our newsletter and be the first to know all the latest news