Recovery continues on Muscat bourse
February 4, 2018 | 5:22 PM
by United Securities
-Times file picture

Muscat: Positive momentum in financial stocks continued and the MSM30 Index gained 0.44 per cent to close at 5,057.55 points. The MSM Sharia Index ended at 716.09 points, up by 0.48 per cent. Phoenix Power was the most active in terms of volume while Bank Muscat was the most active in terms of turnover. The top gainer was National Aluminium, up by 8.14 per cent, while the top loser was Gulf International Chemicals, down by 3.85 per cent.

A total number of 1,115 trades were executed on Sunday, generating a turnover of OMR3.86 million with 24.48 million shares changing hands. Out of 43 traded securities, 21 advanced, 7 declined and 15 remained unchanged. GCC and Arab investors were net buyers for OMR525,000 followed by foreign investors for OMR141,000 while Omani investors were net sellers for OMR666,000 worth of shares.

Financial Index advanced 0.89 per cent to close at 7,562.94 points. Al Sharqia Investment, Gulf Investment Services, Al Batinah Development, Oman & Emirates Holding and Al Anwar Holding increased 6.96 per cent, 6.90 per cent, 5.88 per cent, 4.81 per cent and 4.43 per cent, respectively. Muscat Finance, NBO and Bank Nizwa declined by 1.72 per cent, 1.37 per cent and 1.10 per cent, respectively.

Industrial Index ended the session at 6,842.58 points, up by 0.60 per cent. National Aluminium, Construction Materials, Muscat Thread Mills, Al Anwar Ceramic and Al Maha Ceramics gained 8.14 per cent, 7.14 per cent, 6.25 per cent, 3.73 per cent and 3.57 per cent, respectively. Gulf International Chemicals, Galfar Engineering and Oman Cement declined by 3.85 per cent, 1.25 per cent and 0.51 per cent, respectively.

Services Index gained 0.31 per cent to close at 2,638.99 points. OIFC, National Gas, Omantel, Ooredoo and Oman National Engineering increased by 1.52 per cent, 1.36 per cent, 0.89 per cent, 0.80 per cent and 0.52 per cent, respectively. MCDC, down by 0.61 per cent, was the sole sector loser.

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