MSM index ends higher

Business Sunday 04/June/2023 16:35 PM
By: United Securities
MSM index ends higher

Muscat: The MSX index closed at 4,661.80 points, up by 0.67 percent from previous close. The Sharia Index ended up by 0.75 percent at 470.18 points. Al Anwar Ceramics, up 10 percent, was the top gainer while, OIFC, down 9.35 percent, was the top loser.

Shares of Galfar Engineering were the most active in terms of number of shares traded while Oman Telecom were the most active in terms of turnover.

A total number of 476 trades were executed during the day’s trading session, generating turnover of OMR1.67 million, with more than 5.7 million shares changing hands.

At the session close, domestic investors were net sellers for OMR116,000 while GCC & Arab investors were net buyers for OMR115,000, followed by foreign investors for OMR1,000 worth of shares.

Financial Index closed at 7,544.21 points, up 0.36 percent. Prices of Al Madina Investments, Bank Nizwa, Global Financial Investments, Bank Muscat, Sohar International Bank were up by 8 percent, 2.13 percent, 1.64 percent, 1.14 percent, 0.99 percent respectively. Prices of United Finance, Muscat Finance, Al Madina Takaful, National Bank Oman were up by 1.75 percent, 1.75 percent, 1.19 percent, 0.37 percent respectively.

Industrial Index closed at 6,084.76 points, up 1.59 percent. Prices of Al Anwar Ceramics, Galfar Engineering, Construction Materials, A’Saffa Foods, Jazeera Steel Products were up by 10 percent, 7.78 percent, 7.14 percent, 2.39 percent, 2.19 percent respectively. Prices of Gulf International Chemicals, Al Maha Ceramics, Raysut Cement were up by 9.33 percent, 2.78 percent, 0.58 percent respectively.

Services Index was down by 0.37 percent before closing at 1,701.49 points. Prices of Renaissance Services, Barka Desalination, Oman Telecom, Sembcorp Salalah were up by 2.13 percent, 1.48 percent, 1.25percent, 1.00 percent respectively. Prices of Sharqiyah Desalination, Ooredoo, Abraj Energy were up by 6.98 percent, 0.55 percent, 0.33 percent respectively.