MSX index ends lower

Business Wednesday 15/March/2023 16:01 PM
By: United Securities
MSX index ends lower

Muscat: The MSX index closed at 4,898.16 points, down by 0.62 per cent from the previous close.

The Sharia Index ended down by 0.36 per cent at 485.00 points. Oman Qatar Insurance, up 9.41 per cent, was the top gainer while Al Sharqia Investment, down 7.32 per cent, was the top loser. Shares of Bank Muscat were the most active in terms of the number of shares traded while Oman Telecom were the most active in terms of turnover.

A total number of 4803 trades were executed during the day's trading session, generating a turnover of OMR8.65 million, with more than 29.61 million shares changing hands. Out of 49 traded securities, 11 advanced, 22 declined, and 16 remained unchanged. At the session close, domestic investors were net sellers for OMR961,000, followed by GCC & Arab investors for OMR58,000 worth of shares.

Financial Index closed at 7,881.17 points, down 0.92 per cent. Prices of Oman Qatar Insurance, Takaful Oman, Sohar International Bank and DIDIC, Ominvest were up by 9.41 per cent, 7.50 per cent, 0.96 per cent, 0.65 per cent and 0.39 per cent respectively. Prices of Al Sharqia Investment, Ahli Bank, Muscat Finance, Taageer Finance and National Bank Oman were up by 7.32 per cent, 5.00 per cent, 3.33 per cent, 2.00 per cent and 1.82 per cent respectively.

Industrial Index closed at 6,194.48 points, down 0.48 per cent. Prices were up by respectively. Prices of Gulf International Chemicals, Al Maha Ceramics, Raysut Cement, Gulf Mushroom Products and Galfar Engineering were up by 4.76 per cent, 2.38 per cent, 2.14 per cent, 2.00 per cent and 0.97 per cent respectively.

Services Index was down by 0.48 per cent before closing at 1,723.12 points. Prices of Al Batinah Power, Al Suwadi Power, SMN Power Holding, Oman Telecom and Abraj Energy were up by 9.38 per cent, 3.13 per cent, 3.03 per cent, 1.94 per cent and 1.72 per cent respectively. Prices of Dhofar Generating, Ooredoo, National Gas, Renaissance Services and Oman National Engineering were up by 3.45 per cent, 3.26 per cent, 1.91 per cent, 0.95 per cent and 0.84 per cent respectively.