Friday 03 / May / 2024
Muscat: Gains in banking and telecommunication stocks supported the MSM 30 Index, which closed at 5,703.65 points, up by 0.30 per cent. The MSM Sharia Index ended at 875.84 points, down by 0.22 per cent.
Bank Muscat was the most active in terms of volume as well as turnover. Al Anwar Holding, which grew by 1.69 per cent, was the day’s top gainer, while Al Izz Bank was the top loser, with a loss of 1.45 per cent.
As many as 643 trades were executed on Tuesday, generating turnover of OMR3.01 million with 14.94 million shares changing hands. Out of 41 traded securities, 16 advanced, four declined and 21 remained unchanged. Omani investors switched to net buyers to the tune of OMR1 million worth of shares, followed by GCC and Arab investors at OMR138,000. Foreign investors, who were net sellers, sold stocks amounting to OMR1.14 million.
Financial Index advanced by 0.31 per cent to close at 7,409.63 points. Al Anwar Holding, Al Sharqia Investment, Oman United Insurance, BankDhofar and Al Batinah Investment and Development increased by 1.69 per cent, 1.63 per cent, 1.43 per cent, 1.38 per cent and 1.11 per cent, respectively. Al Izz Bank, Bank Nizwa and Ominvest declined by 1.45 per cent, 1.20 per cent and 0.75 per cent, respectively.
Industrial Index ended the session at 7,420.71 points, up by 0.12 per cent. Galfar Engineering gained 0.95 per cent while A’Saffa Food declined by 0.47 per cent, respectively.
Services Index gained 0.24 per cent to close at 3,070.67 points. Renaissance Services, Phoenix Power, Ooredoo Oman, Al Suwadi Power and OIFC increased by 1.45 per cent, 0.69 per cent, 0.58 per cent, 0.51 per cent and 0.51 per cent, respectively.
