Muscat: Selling pressure on index heavyweight stocks dragged the MSM 30 Index to end lower at 5,390.52 points, down by 0.49 per cent. MSM Sharia Index closed at 857.00 points, down by 0.16 per cent.
Bank Nizwa was the most active in terms of volume as well as turnover. Jazeera Steel Products, up by 2.86 per cent, was the top gainer while ACWA Power Barka was the top loser, down by 9.84 per cent.
As many as 402 trades were executed on Wednesday, generating a turnover of OMR1.77million with 10.08 million shares changing hands. Out of 37 traded securities, four advanced, 16 declined and 17 remained unchanged. Omani investors were net buyers to the tune of OMR222,000 worth of shares, followed by GCC and Arab investors at OMR140,000 . Foreign investors, who were net sellers sold shares amounting to OMR362,000.
Financial Index closed at 6,451.89 points, down by 0.82 per cent. Oman United Insurance, Gulf Investment Services, BankDhofar and Bank Sohar declined by 2.27 per cent, 2.11 per cent, 1.87 per cent and 1.28 per cent, respectively.
Industrial Index ended at 6,785.00 points, up by 0.23 per cent. Jazeera Steel Product, Al Anwar Ceramic and Al Maha Ceramic increased by 2.86 per cent, 0.66 per cent and 0.52 per cent, respectively.
Services Index closed at 3,045.40 points, down by 0.67 per cent. Oman Telecommunications Company (Omantel) was the only gainer and was up by 0.32 per cent to close at OMR1.570. ACWA Power Barka, Oreedoo Oman, OIFC and Renaissance Services declined by 9.84 per cent, 1.67 per cent, 1.47 per cent and 0.61 per cent, respectively.