Marginal fall on Muscat bourse

Business Wednesday 21/September/2016 16:01 PM
By: Times News Service
Marginal fall on Muscat bourse

Muscat: A steady to downward trend witnessed on the Muscat bourse on Wednesday. The MSM30 Index remained stable at 5,750.15 points with a marginal decline of 0.03 per cent. The MSM Sharia Index ended at 878.66 points, down by 0.04 per cent.
Oman & Emirates was the most active in terms of volume while Bank Muscat led in terms of turnover. The top gainer was Port Services, up by 10 per cent, while the top loser was Taageer Finance, down by 1.74 per cent.
As many as 563 trades were executed on Wednesday, generating turnover of OMR4.5 million with 18.9 million shares changing hands. Out of 37 traded securities, 10 advanced, six declined and 21 remained unchanged. Omani investors remained net buyers to the tune of OMR323,000 worth of shares, while GCC and Arab investors, who were net sellers, sold stocks amounting to OMR254,000, followed by foreign investors at OMR69,000.
Financial Index gained 0.07 per cent to close at 7,364.68 points. Gulf Investment Services, Oman & Emirates Holding, Oman United Insurance, HSBC Bank and Al Sharqia Investment increased by 1.72 per cent, 1.48 per cent, 1.07 per cent, 1.02 per cent and 0.78 per cent, respectively. Taager Finance, Bank Sohar and National Finance declined by 1.74 per cent, 1.14 per cent and 0.76 per cent, respectively.
Industrial Index advanced 0.15 per cent to end at 7,412.56 points. National Aluminium, Al Jazeera Steel, Al Maha Ceramics and Oman Flour Mills gained 0.98 per cent, 0.87 per cent, 0.84 per cent and 0.63 per cent, respectively. Oman Fisheries and Oman Cement had losses of 1.61 per cent and 0.87 per cent, respectively.
Services Index was little changed at 3,136.69 points, up by 0.02 per cent. Port Services, up by 10 per cent, was the only sector mover.