Oman's share index closes higher
May 22, 2019 | 9:05 PM
by United Securities
- Times file picture

Muscat:Taking cues from the global markets, MSM stocks also witnessed buying interest from local investors. The benchmark MSM30 Index closed at 3,861.47 points, up by 0.49 per cent. The Shariah Index also closed higher at 529.61 points, up 0.65per cent. Galfar Engineering was the most active in terms of volume and turnover. Galfar Engineering, up 5.19 per cent, was the best performing stock yesterday while Oman United Insurance, down 9.84 per cent, was the top loser. A total number of 614 trades were executed during the day’s trading session generating turnover of OMR1.59 million with more than 13.2 million shares changing hands. Out of 37 traded stocks, 15 advanced, 8 declined and 14 remained unchanged. At the session close, Omani investors were net buyers for OMR165,000 while GCC & Arab investors were net sellers for OMR146,000 followed by Foreign investors for OMR19,000 worth of shares. Financial Index closed higher by 0.30 per cent at 6,273.28 points. Gulf Investment Services, Al Anwar Holding, Natioanl Bank of Oman, Bank Nizwa, and Sohar International Bank were up by 3.70 per cent, 2.08 per cent, 1.27 per cent, 1.16 per cent, and 0.93 per cent respectively. Price of Oman United Insurance, Al Madina Investment, Al Madina Takaful, Bank Dhofar, and Al Sharqiya Investment Holding were down by 9.84 per cent, 4.17 per cent, 2.33 per cent, 1.43 per cent, and 1.33 per cent respectively. The Industrial Index continued its gaining momentum and closed at 4,620.92 points, up by 0.70 per cent. Galfar engineering, Al Anwar Ceramics, Oman Fisheries, Oman Flour Mills, and Oman Cement closed higher by 5.19 per cent, 4.08 per cent, 3.39 per cent, 2.00 per cent, and 0.43 per cent respectively. Oman Refreshment, down 4.82 per cent was the only stock that declined from the sector. The Services sector index closed at 1,949.60 points, down by 0.05 per cent. OIFC, Omantel, Ooredoo, and Al Suwadi Power were up 3.66 per cent, 2.23 per cent, 1.32 per cent, and 1.25 per cent respectively. Prices of Sembcorp Salalah and Renaissance Services were down by 2.65 per cent and 1.33 per cent respectively. — United Securities

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