Oman's share index ends higher

Muscat: MSM30 Index closed at 5,395.11 points, up by 0.21 per cent. MSM Sharia Index ended at 835.46 points, down 0.12 per cent. Bank Muscat was the most active in terms of volume as well as turnover. Al Madina Takaful remained Monday’s top gainer, up 4.17 per cent while Bank Nizwa was the top loser, with a loss of 2.86 per cent.
A total number of 1,124 trades were executed on Monday, generating turnover of OMR3.29 million with 16.82 million shares changing hands. Out of 47 traded securities, 10 advanced, 12 declined and 25 remained unchanged. At the session close, Omani Investors were net buyers for OMR567,000 followed by GCC& Arab investors for OMR513,000 while Foreign Investors stayed net sellers for OMR1.08 million worth of shares.
Financial Index rose by 0.15 per cent to close at 6,658.16 points. Al Madinal Takaful, Ahli Bank, Global Financial Investment and National Bank of Oman increased by 4.17 per cent, 4.12 per cent, 3.31 per cent and 0.76 per cent respectively. Bank NizwaAl Sharqiya Investment, Ahli Bank and Gulf Investment Services declined by 2.86 per cent, 2.75 per cent, 1.75 per cent and 1.04 per cent respectively.
Industrial Index at 6,614.76 points, up by 0.15 per cent. Galfar Engineering, Al Maha Ceramics and Al Anwar Ceramics increased by 1.70 per cent, 0.98 per cent and 0.71 per cent respectively. Oman Textile Holding, Al Hassan Engineering, Jazeera Steel Product and Gulf International Chemicals declined by2.59 per cent, 1.47 per cent, 1.38 per cent and 0.33 per cent respectively.
Services Index ended flat at 3,056.41 points, marginally up by 0.04%. Renaissance Services, Omantel and Sharqiyah Desalination increased 0.60%, 0.31% and 0.11% respectively. Phoenix Power, Port Service and OIFC declined by 0.70%, 0.60% and 0.50% respectively.