Wednesday 07 / May / 2025
Muscat: Driven by greater foreign participation in banking and telecom stocks, the MSM30 Index gained 0.63 per cent to close at 5,732.37 points. The MSM Sharia Index ended at 863.00 points, a gain of 0.30 per cent. Bank Muscat was the most active in terms of volume as well as turnover. Tuesday’s top gainer was Oman Ceramics, up 5.00 per cent, while top loser was Oman Orix Leasing, down 3.10 per cent.
A total number of 1,027 trades were executed on Tuesday, generating turnover of OMR5.09 million with 17.4 million shares changing hands. Out of 42 traded securities, 16 advanced, 7 declined and 19 remained unchanged. GCC and Arab investors switched to net buyers for OMR223,000 followed by Foreign Investors for OMR185,000 while Omani Investors were net sellers for OMR408,000 worth of shares.
Financial Index advanced 0.67 per cent to finish at 7,589.61 points. HSBC Bank, Bank Dhofar, Bank Sohar, Al Anwar Holding and Bank Muscat gained 1.75 per cent, 1.31 per cent, 1.23 per cent, 1.06 per cent and 0.91 per cent respectively. Oman Orix Leasing, Al Madina Takaful, Al Batinah Development and Gulf Investment Services declined 3.10 per cent, 1.39 per cent, 1.02 per cent and 0.85 per cent respectively.
Industrial Index was stable at 7,401.84 points, up 0.09 per cent. Oman Ceramic, Oman Cables and Al Anwar Ceramics increased 5.00 per cent, 0.67 per cent and 0.58 per cent respectively.
Services Index gained 0.31 per cent to close at 3,067.79 points. Ooredoo, Al Jazeera Services, Renaissance Services, OIFC and Omantel increased 2.50 per cent, 1.52 per cent, 0.82 per cent, 0.48 per cent and 0.33 per cent respectively. Sohar Power, Port Services and Phoenix Power declined 0.83 per cent, 0.80 per cent and 0.67 per cent respectively.
Sensex gains 183 points
Market recouped overnight losses, as late afternoon buying lifted the benchmark Sensex by 182.58 to close at 26,697.82 following buying in key heavyweights of Auto and IT sectors even investors awaited US Federal Reserve policy statement on Wednesday.
Earlier, the key indices traded positive in the midst of volatility and range-bound momentum despite subdued Asian opening on caution prevailing over much awaited two-day US Federal Reserve meet starting today as well as government release of key consumer inflation data (CPI) to be released today after market hours.
Later, stock specific development and shortcovering on the back of positive European opening lifted market. Index heavyweight Tata Motors rallied nearly 7 per cent in morning trade before settling at 3.48 per cent following stake sale of 50 million shares changed hands in block deal by foreign brokerage on behalf of an unknown buyer. Boughts of value buying lifted the Energy, FMCG, Health and IT stocks.
The Sensex opened gap at 26,607.65 and hovered in a range of 26,724.97 and 26,494.23 before concluding at 26,697.82, showing a gain of 182.58 points, or 0.69 per cent, The index had lost 232 points on Monday.
The 50-share NSE Nifty reclaimed to end above the key 8,200-level at 8,221.80 after shuttling between 8,228.85 and 8,155.80, up 51.00 points or 0.62 per cent.
Elsewhere, Most Asian market ended higher ahead of much awaited US Federal Reserve Monetary policy statement due on Wednesday. China, Hong Kong, Nikkei, Singapore, South Korea and Taiwan gaining by 0.07 per cent to 0.50 per cent. — United Securities/ PTI
