Oman’s share index ends lower marginally

Muscat: The MSX index closed at 4,871.01 points, down by 0.52 percent from previous close. The Sharia Index ended up by 0.02 percent at 481.55 points.

Al Batinah Power, up 10 percent, was the top gainer while, Bank Muscat, down 5.17 percent, was the top loser. Shares of OMINVEST were the most active in terms of number of shares traded as well as in terms of turnover.

A total number of 797 trades were executed during the day's trading session, generating turnover of OMR6.08 million, with more than 22.05 million shares changing hands. Out of 41 traded securities, 9 advanced, 11 declined, and 21 remained unchanged. At the session close, domestic investors were net sellers for OMR879,000 while GCC & Arab investors were net buyers for OMR745,000, followed by foreign investors for OMR134,000 worth of shares.

Financial Index closed at 7,761.55 points, down 0.72 percent. Prices of Oman United Insurance were up by 1.26 percent respectively. Prices of Bank Muscat, Al Omaniya Financial Services, Oman & Emirates Investment were up by 5.17 percent, 2.69 percent, 1.18 percent respectively.

Industrial Index closed at 6,109.81 points, down 0.25 percent. Prices of A'Saffa Foods, National Aluminium, Al Maha Ceramics were up by 5.56 percent, 3.45 percent, 0.96 percent respectively. Prices of Raysut Cement, Galfar Engineering, Jazeera Steel Products were up by 2.86 percent, 1.95 percent, 0.35 percent respectively.

Services Index was up by 0.79 percent before closing at 1,722.12 points. Prices of Al Batinah Power, Phoenix Power, Muscat Desalination, OIFC, Sembcorp Salalah were up by 10 percent, 3.51 percent, 2.11 percent, 1.67 percent, 1.22 percent respectively. Prices of Oman Oil Marketing, Majan College, Sharqiyah Desalination were up by 3.60 percent, 3.57 percent, 0.78 percent respectively.