Oman stocks decline marginally

Business Wednesday 02/March/2016 18:39 PM
By: Times News Service
Oman stocks decline marginally

Muscat: Retail trading drove the MSM 30 Index on Wednesday which declined 0.09 per cent to close at 5,410.78 points. However, the MSM Shariah Index ended at 837.31 points, up 0.10 per cent.
Bank Nizwa was the most active in terms of volume while Omantel led in terms of turnover. Port Services was the top gainer, up 6.71 per cent, while Al Hassan Engineering was the top loser, down 4.48 per cent.
As many as 837 trades were executed on Wednesday, generating a turnover of OMR2.9 million with 15.1 million shares changing hands. Out of 44 traded securities, 16 advanced, 14 declined and 14 remained unchanged. At the close of the session, foreign investors switched to net buyers to the tune of OMR471,000 while Omani Investors stayed net sellers at OMR247,000 followed by GCC and Arab investors, who sold shares amounting to OMR224,000.
Financial Index retreated 0.38% to close at 6,656.11 points. United Finance, Al Sharqia Investments, Oman United Insurance, Global Financial Investment and NBO gained 3.82%, 1.90%, 0.84%, 0.78% and 0.38% respectively. Bank Nizwa, DBIH, Al Madina Investment, Bank Sohar and Gulf Investment Services declined 1.45%, 1.37%, 1.37%, 1.27% and 1.05% respectively.
Industrial Index had marginal gain of 0.05% to close at 6,632.74 points. Oman Flour Mills, Gulf International Chemicals and Al Anwar Ceramics increased by 2.27%, 1.97% and 1.79% respectively. Al Hassan Engineering, Al Jazeera Steel and Oman Fisheries declined 4.48%, 2.07% and 1.75% respectively.
Services Index ended at 3,073.03 points, up 0.40%. Port Services, Renaissance Services, Sembcorp Salalah, Al Jazeera Services and National Gas increased 6.71%, 2.35%, 2.04%, 1.69% and 1.32% respectively. Al Batinah Power and Al Suwadi Power declined by 1.48% and 0.95% respectively.