Profit booking pulls down Oman share index

Business Tuesday 19/July/2016 17:31 PM
By: Times News Service
Profit booking pulls down Oman share index

Muscat: Profit booking and foreign institutional selling led to the MSM30 Index closing at 5,839.28 points, down by 0.08 per cent. The MSM Sharia Index ended at 887.38 points, down by 0.17 per cent. Bank Sohar was the most active in terms of volume while Bank Muscat led in terms of turnover. Construction Materials was the top gainer, up by 3.33 per cent while National Aluminium was top loser, down by 6.50 per cent.
As many as 959 trades were executed on Tuesday, generating turnover of OMR3.53 million with 14.6 million shares changing hands. Out of 45 traded securities, 8 advanced, 13 declined and 24 remained unchanged. GCC and Arab investors switched to net buyers for OMR61,0000 while foreign investors were net sellers for OMR40,000 followed by Omani investors for OMR21,000 worth of shares.
Financial Index closed at 7,444.56 points, down by 0.32 per cent. Al Sharqia Investments, NBO and Bank Sohar increased by 1.41 per cent, 0.79 per cent and 0.53 per cent, respectively. Al Anwar Holding, Ominvest, Gulf Investment Services and Oman United Insurance declined by 3.13 per cent, 1.82 per cent, 1.72 per cent and 0.69 per cent, respectively.
Industrial Index retreated by 0.58 per cent to end at 7,402.95 points. Construction Material and Raysut Cement gained by 3.33 per cent and 0.73 per cent, respectively. National Aluminium, Al Anwar Ceramics, Al Hassan Engineering, Al Jazeera Steel and Gulf International Chemicals declined by 6.50 per cent, 4.90 per cent, 2.60 per cent, 2.02 per cent and 0.79 per cent, respectively.
Services Index remained unchanged at 3,227.91 points. National Gas, Oman Telecommunications Company and Ooredoo Oman gained by 1.31 per cent, 0.61 per cent and 0.54 per cent, respectively. Renaissance Services, Port Services, OIFC and Al Maha Petroleum declined by 1.40 per cent, 1.23 per cent, 1 per cent and 0.34 per cent, respectively.