Muscat bourse recovers on foreign institutional support

Business Sunday 14/August/2016 17:06 PM
By: Times News Service
Muscat bourse recovers on foreign institutional support

Muscat: Buying in banking stocks by foreign and GCC investors lifted the MSM30 Index by 0.22 per cent to close at 5,909.73 points. The MSM Sharia Index ended at 896.19 points, up by 0.38 per cent.
Bank Nizwa was the most active stock in terms of volume, while Bank Muscat led in terms of turnover. Sunday’s top gainer was Oman Education & Training, up by 7.56 per cent, while OIFC was the day’s top loser, down by 0.98 per cent.
As many as 965 trades were executed on Sunday, generating turnover of OMR3.72 million with 19.2 million shares changing hands. Out of 51 traded securities, 23 advanced, six declined and 22 remained unchanged. Arab and GCC investors were net buyers to the tune of OMR327,000 worth of shares, followed by Omani investors at OMR200,000, Foreign investors, who were net sellers, sold shares amounting to OMR527,000.
Financial Index closed at 7,648.30 points, up by 0.47 per cent. Gulf Investment Services, Al Madina Investments, Al Izz Bank, Oman & Emirates Holding and Oman Orix Leasing gained by 3.25 per cent, 3.23 per cent, 3.03 per cent, 2.84 per cent and 2.65 per cent, respectively. Bank Sohar and Global Financial Investment declined 0.56 per cent and 0.56 per cent, respectively.
Industrial Index gained by 0.39 per cent to close at 7,596.13 points. Construction Materials, Al Hassan Engineering, Oman Fisheries, Al Anwar Ceramics and Galfar Engineering gained by 3.13 per cent, 2.56 per cent, 1.56 per cent, 1.35 per cent and 0.95 per cent, respectively. National Aluminium and Gulf International Chemicals declined by 0.95 per cent and 0.37 per cent, respectively.
Services Index was stable at 3,209.52 points, up by 0.04 per cent. Oman Education & Training, Oman Telecommunications Company and Al Jazeera Services gained by 7.56 per cent, 0.61 per cent and 0.49 per cent, respectively. OIFC and Port Services declined by 0.98 per cent and 0.85 per cent, respectively.