Oman shares fall on poor trading volumes

Muscat: Amid poor trading volumes, the MSM30 Index declined 0.25 per cent to close at 4,994.02 points. The MSM Sharia Index closed at 709.17 points, down 0.13 per cent. Gulf Investment Services was the most active in terms of volume while Bank Muscat led in terms of turnover. Global Financial Investment was the top gainer, up 3.73 per cent, while Al Sharqia Investment was the top loser, down 3.94 per cent.
A total number of 340 trades were executed on Sunday, generating turnover of OMR680,000 with 3.92 million shares changing hands. Out of 30 traded securities, 6 advanced, 13 declined and 11 remained unchanged. At the session close, Foreign investors switched to net buyers for OMR9,000 while Omani investors were net sellers for OMR5,000 followed by GCC & Arab investors for OMR4,000 worth of shares.
Financial Index ended negatively at 7,371.98 points, down 0.44 per cent. Global Financial Investment and Muscat Finance increased 3.73 per cent and 2.63 per cent respectively. Al Sharqia Investments, Gulf Investment Services, Oman & Emirates Holding, Al Madina Investments and Al Izz Bank declined 3.94 per cent, 2.20 per cent, 1.92 per cent, 1.72 per cent and 1.37 per cent respectively.
Industrial Index closed at 6,801.43 points, down 0.22 per cent. Oman Cement and National Aluminium gained 0.51 per cent and 0.47 per cent respectively. Oman Fisheries and Galfar Engineering decreased 2.16 per cent and 1.28 per cent respectively.
Services Index retreated 0.41 per cent to finish at 2,643.73 points. Al Jazeera Services and OIFC gained 1.84 per cent and 1.53 per cent respectively. Renaissance Services, Ooredoo and National Gas declined 2.91 per cent, 1.13 per cent and 0.34 per cent respectively.