Oman shares retreat

Business Monday 05/June/2017 15:48 PM
By: Times News Service
Oman shares retreat

Muscat: Geopolitical tensions weighed on the MSM30 Index, which retreated 0.41 per cent to close at 5,405.73 points. The MSM Sharia Index ended at 794.72 points, down 0.58 per cent. Al Madina Investment was the most active in terms of volume while Ooredoo led in terms of turnover. Port Services, up 0.45 per cent was the only gainer while Galfar Engineering was Monday’s top loser, down 2.41 per cent.
A total number of 687 trades were executed on Monday, generating a turnover of OMR2.27 million with 11.4 million shares changing hands. Out of 38 traded securities, 1 advanced, 21 declined, and 16 remained unchanged. At the session close, GCC & Arab remained net buyers for OMR138,000 worth of shares while Omani Investors were net sellers for OMR102,000 followed by Foreign investors for OMr36,000 worth of shares.
Financial Index had strong loss of 0.53 per cent to end at 8,060.99 points. Al Izz Bank, Al Batinah Development, Bank Nizwa, Al Sharqia Investments and Al Madina Takaful decreased 2.25 per cent, 2.13 per cent, 2.02 per cent, 1.74 per cent and 1.68 per cent respectively.
Industrial Index declined 0.31 per cent to finish at 7,288.05 points. Galfar Engineering, Al Anwar Ceramics, Oman Fisheries and Gulf International Chemicals decreased 2.41 per cent, 1.39 per cent, 1.32 per cent and 0.42 per cent respectively.
Services Index closed at 2,739.52 points, down 0.31 per cent. Port Services, up 0.45 per cent, was the only MSM gainer. Oman National Engineering, OIFC, Al Jazeera Services, Ooredoo and Omantel declined 1.57 per cent, 1.50 per cent, 1.27 per cent, 1.22 per cent and 0.81 per cent respectively.