Oman shares end on a flat note

Business Monday 31/October/2016 17:42 PM
By: Times News Service
Oman shares end on a flat note

Muscat: Market sentiments remained muted with the MSM30 Index closing on a flat note at 5,481.44 points, edging down by 0.05 per cent. The MSM Sharia Index declined by 0.11 per cent to end at 841.07 points. Supported by a block deal, Oman Chlorine was the most active in terms of volume and turnover. Al Suwadi Power, up by 2.70 per cent, was the top gainer, while Al Anwar Ceramics was the top loser, with a loss of 3.16 per cent.
As many as 544 trades were executed on Monday, generating a turnover of OMR4.1 million with 12.56 million shares changing hands. Out of 34 traded securities, 6 advanced, 10 declined and 18 remained unchanged. Omani investors switched to net buyers for OMR1.46 million while foreign investors continued to be net sellers for OMR1.33 million followed by GCC and Arab investors for OMR124,000 worth of shares.
Financial Index ended at 7,096.93 points, down by 0.11 per cent. BankDhofar and Al Anwar Holding gained 1.38 per cent and 0.61 per cent, respectively. Al Izz Bank, Bank Muscat, Al Sharqia Investment, Muscat Finance and Bank Sohar lost 1.56 per cent, 0.96 per cent, 0.86 per cent, 0.83 per cent and 0.71 per cent, respectively.
Industrial Index declined by 0.10 per cent to close at 7,087.55 points. Raysut Cement and Voltamp Energy gained 1.33 per cent and 0.45 per cent, respectively. Al Anwar Ceramics, Al Hassan Engineering and Galfar Engineering declined by 3.16 per cent, 1.82 per cent and 1.05 per cent, respectively.
Services Index advanced by 0.18per cent to finish at 3,027.53 points. Al Suwadi Power and Al Batinah Power gained by 2.70 per cent and 1.60 per cent, respectively. Al Jazeera Services, down by 2.84 per cent, was the only sector loser.