Tuesday 07 / May / 2024
Muscat: Foreign selling in banking stocks weighed on the MSM30 Index, which declined by 0.46 per cent to end at 5,495.51 points. The MSM Sharia Index ended at 847.65 points, down by 0.27 per cent.
Due to a block deal, Al Madina Investment was the most active in terms of volume, while Bank Muscat led in terms of turnover. The top gainer was Al Izz Bank, up by 1.47 per cent, while Oman Textile Holding was the top loser, with a loss of 3.13 per cent.
As many as 594 trades were executed on Monday, generating a turnover of OMR4.45 million with 28.8 million shares changing hands. Out of 42 traded securities, three advanced, 20 declined and 19 remained unchanged. Omani investors were net buyers to the tune of OMR1.07 million worth of shares while foreign investors were net sellers at OMR835,000 followed by GCC and Arab investors, who sold stocks amounting to OMR239,000.
Financial Index retreated 0.51 per cent to close at 7,212.48 points. Al Izz Bank and Oman United Insurance gained 1.47 per cent and 0.33 per cent, respectively. Al Batinah Investment, Al Madina Investments, Taageer Finance, Oman & Emirates and Al Sharqia Investments slid by 2.25 per cent, 1.82 per cent, 1.71 per cent, 1.60 per cent and 1.54 per cent, respectively.
Industrial Index ended lower at 7,143.59 points, down by 0.55 per cent. Gulf International Chemicals, up by 0.38 per cent, was the only gainer. Oman Textiles, Al Maha Ceramics, Raysut Cement, Oman Flour Mills and Galfar Engineering declined by 3.13 per cent, 1.67 per cent, 1.31 per cent, 1.18 per cent and 1.10 per cent, respectively.
Services Index declined by 0.19 per cent to close at 3,009.41 points. Renaissance Services, Omantel and Al Jazeera Services declined by 2.22 per cent, 0.68 per cent and 0.51 per cent, respectively.
