Oman share index ends lower marginally

Business Tuesday 20/June/2017 17:45 PM
By: Times News Service
Oman share index ends lower marginally

Muscat: The MSM30 Index continued its negative run to close at 5,195.12 points with a loss of 0.49 per cent. The MSM Sharia Index ended at 770.12 point, down 0.19 per cent. Bank Muscat was the most active in terms of volume as well as turnover. Oman Fisheries was Tuesday’s top gainer, up 2.04 per cent, while Al Batinah Power was the top loser, down 6.67 per cent.
A total number of 911 trades were executed on Tuesday, generating a turnover of OMR2.78 million with 11.1 million shares changing hands. Out of 35 traded securities, 6 advanced, 14 declined, and 15 remained unchanged. At the session close, Omani Investors switched to net buyers for OMR872,000 while GCC & Arab Investors were net sellers for OMR519,000 followed by Foreign Investors for OMR353,000 worth of shares.
Financial Index declined 0.36 per cent to end the session at 7,832.39 points. Al Madina Investment, Al Batinah Development, Ahli Bank and Al Anwar Holding gained 1.45 per cent, 1.09 per cent, 0.57 per cent and 0.49 per cent respectively. United Finance, Bank Dhofar, NBO, HSBC Bank and Bank Sohar decreased 3.01 per cent, 1.71 per cent, 0.92 per cent, 0.78 per cent and 0.70 per cent respectively.
Industrial Index closed at 7,152.70 points, down 0.08 per cent. Oman Fisheries and Galfar Engineering gained 2.04 per cent and 1.32 per cent respectively. Voltamp Energy, Al Anwar Ceramics and Oman Flour Mills declined 1.23 per cent, 0.74 per cent and 0.45 per cent respectively.
Services Index had loss of 0.53 per cent to finish at 2,625.77 points. Al Batinah Power, Sembcorp Salalah, Omantel, Phoenix Power and OIFC decreased 6.67 per cent, 0.91 per cent, 0.85 per cent, 0.83 per cent and 0.53 per cent respectively.
Sensex rises 81 points
The Sensex started to capitalise on earlier gains by jumping 81 points to 31,393 on Tuesday as rising Asian shares kept the pitch conducive to buy more.
An upbeat assessment of the US economy by a top Federal Reserve official took Wall Street to a record close, which had a rub-off on Asia.
The 30-share BSE index rose 80.96 points, or 0.25 per cent to 31,392.53. It had gained 255.17 points in the previous session.
Also, the 50-share NSE Nifty moved to 9,674.80, up 17.25 points, or 0.17 per cent.
All sectoral indices saw buying interest, led by IT, technology, capital goods and auto stocks.
Prominent gainers were Tata Motors, Infosys, PowerGrid, Tata Steel, Reliance Industries and ONGC, rising by up to 1.45 per cent.
Japan's Nikkei was up 1.10 per cent while Hong Kong's Hang Seng index rose 0.40 per cent in morning trade. Shanghai composite inched up 0.04 per cent.
The US Dow Jones Industrial Average ended 0.68 per cent higher on Monday.