Wednesday 14 / May / 2025
Mscat: Amid poor trading volumes, the MSM30 Index retreated by 0.11 per cent to close at 5,544.46 points. The MSM Sharia Index ended at 813.21 points, down by 0.27 per cent. Phoenix Power was the most active in terms of volume and turnover on Monday. Financial Services was the top gainer, up by 6.15 per cent, while the top loser was Construction Materials, down by 3.23 per cent.
As many as 524 trades were executed on Monday, generating a turnover of OMR2.56 million with 13.2 million shares changing hands. Out of 37 traded securities, 9 advanced, 18 declined and 10 remained unchanged. GCC and Arab investors remained net buyers of shares to the tune of OMR100,000 followed by foreign investors at OMR96,000 while Omani investors were net sellers of OMR196,000 worth of shares.
Financial Index was stable at 8,076.10 points, up by 0.06 per cent. Financial Services, Al Batinah Investment, National Bank of Oman, Ominvest and Bank Nizwa gained 6.15 per cent, 3.45 per cent, 1.33 per cent, 1.15 per cent and 1.09 per cent, respectively. National Securities, Al Madina Takaful, Al Sharqia Investments, Al Madina Investments and Bank Sohar declined by 2 per cent, 1.98 per cent, 1.71 per cent, 1.43 per cent and 1.39 per cent, respectively.
Industrial Index declined by 0.49 per cent to close at 7,562.66 points. Voltamp Energy and Al Jazeera Steel increased by 0.88 per cent and 0.43 per cent, respectively. Construction Materials, Galfar Engineering, Oman Fisheries, Gulf International Chemicals and Al Anwar Ceramics lost 3.23 per cent, 2.38 per cent, 2.03 per cent, 1.98 per cent and 1.33 per cent, respectively.
Services Index had a loss of 0.54 per cent to end at 2,808.87 points. Phoenix Power, Al Suwadi Power, Al Jazeera Services and Ooredoo declinedby 2.90 per cent, 2.17 per cent, 1.19 per cent and 1.18 per cent, respectively.
Sensex retreats
Markets brought about their third session of fall on Monday, buffeted by ongoing geo-political headwinds, as the Sensex fell marginally to a three-week low of 29,414 even as wholesale inflation moderated.
The Korean peninsula, Afghanistan and Syria remained geo-political flashpoints, which cast their shadow here.
After reaching the day's low of 29,363.28, the Sensex recovered partially before settling down 47.79 points, or 0.16 per cent, at 29,413.66 — its lowest closing since March 27.
The gauge has now lost 374.69 points in three sessions.
The NSE Nifty also remained under pressure and was down 11.50 points, or 0.13 per cent, to close at 9,139.30.
Inflation based on the wholesale price index slipped to 5.70 per cent in March, from 6.55 per cent in February as manufactured goods showed cost decline even as food prices hardened.
Outperforming the key indices, broader markets were in a better shape.
