Oman's share index continues to decline
March 19, 2018 | 5:41 PM
by United Securities
Muscat Securities Market. - Times file picture

Muscat: Ex-dividend prices on index large cap weighed on the MSM30 Index, which closed at 4,832.54 points, down 1.24 per cent. The MSM Sharia Index declined 0.19 per cent to end at 688.14 points. Bank Muscat was the most active in terms of volume while Omantel was the most active in terms of turnover. The top gainer was Muscat City Desalination, up 1.95 per cent while the top loser was Gulf International Chemicals, down 7.86 per cent.

A total number of 792 trades were executed on Monday, generating turnover of OMR4.92 million with 16.6 million shares changing hands. Out of 41 traded securities, 5 advanced, 18 declined and 18 remained unchanged. At the session close, GCC & Arab investors were net buyers for OMR274,000 followed by Foreign investors for OMR211,000 while Omani investors were net sellers for OMR485,000 worth of shares.

Financial Index retreated 1.20 per cent to finish at 7,241.68 points. Taageer Finance, up 0.82 per cent was the sole gainer. Oman United Insurance, Bank Muscat, Al Anwar Holding, DIDIC and NBO declined 7.41 per cent, 6.15 per cent, 2.58 per cent, 1.92 per cent and 1.44 per cent respectively.

Industrial Index closed at 6,705.84 points, down 0.22 per cent. Galfar Engineering and Al Maha Ceramics were up by 1.12 per cent and 0.71 per cent respectively. Gulf International Chemicals, Oman Fisheries and National Aluminium declined 7.86 per cent, 3.03 per cent and 1.64 per cent respectively.

Services Index ended at 2,535.18 points, down 0.35 per cent. MCDE and Al Batinah Power gained 1.95 per cent and 0.75 per cent respectively. Al Jazeera Services, Omantel, National Gas, OIFC and Al Suwadi Power declined 2.99 per cent, 2.56 per cent, 1.36 per cent, 0.77 per cent, and 0.74 per cent respectively.

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