Oman's share index closes lower marginally

Business Wednesday 04/September/2019 18:03 PM
By: Times News Service
Oman's share index closes lower marginally

Muscat: MSM30 index closed down by 0.13% at 4,011.52 points. The Shariah Index closed up 0.21% at 533.92 points. Al Madina Investment, up 8.70%, was the top gainer. Al Hassan Engineering down 4.55%, was the top loser. Sohar International Bank was the most active in terms of the number of shares traded as well as turnover.
A total number of 522 trades were executed during the day's trading session, generating a turnover of OMR3.95 million with more than 24.86 million shares changing hands. Out of 41 traded stocks, 7 advanced, 8 declined and 26 remained unchanged. At the session close, foreign investors were net sellers for OMR308,000 while GCC and Arab investors were net buyers for OMR209,000 followed by domestic investors for OMR99,000 worth of shares.
Financial Index closed at 6,555.31 points, down by 0.15%. Al Madina Investment, Oman & Emirates and Sohar International Bank were up by 8.70%, 1.41% and 0.89% respectively. Al Omaniya Financial, HSBC Oman, Bank Dhofar and Bank Muscat were down by 3.41%, 0.78%, 0.70% and 0.45% respectively.
Industrial Index closed at 4,432.16 points, up by 0.24%. Oman Cement was up by 2.73%. Al Hassan Engineering was down 4.55%.
Services index closed up by 0.19% at 1,880.67 points. Phoenix Power, OIFC and National Gas were up by 3.61%, 1.91% and 0.90% respectively. Renaissance Service, Semcorp Salalah and Ooredoo were down by 1.57%, 0.88% and 0.38%.