Muscat bourse recovers after retail investors extend buying support

Business Wednesday 30/August/2017 17:03 PM
By: Times News Service
Muscat bourse recovers after retail investors extend buying support

Muscat: Oman’s benchmark MSM30 Index closed the session at 5,052.55 points, a gain of 0.11 per cent. The MSM Sharia Index ended little changed at 738.31 points. Al Madina Investment was the most active in terms of volume while Bank Muscat led in terms of turnover. Oman Hotels & Tourism, was top gainer was, up 5.31 per cent, while Raysut Cement was the top loser, down 3.15 per cent.
A total number of 786 trades were executed on Wednesday, generating a turnover of OMR3.03 million with 17.8 million shares changing hands. Out of 43 traded securities, 13 advanced, 9 declined and 21 remained unchanged. At the end of the session, Foreign Investors remained net buyers for OMR439,000 while Omani Investors were net sellers for OMR272,000 followed by GCC & Arab investors for OMR167,000 worth of shares.
Financial Index advanced 0.23 per cent to close at 7,453.19 points. Ahli Bank, Bank Nizwa, HSBC Bank, Bank Sohar and Al Anwar Holding gained 1.23 per cent, 1.09 per cent, 0.89 per cent, 0.66 per cent and 0.65 per cent respectively. Al Izz Bank, Al Sharqia Investments, Al Madina Investments, Vision Insurance and Al Madina Takaful lost 2.74 per cent, 1.96 per cent, 1.54 per cent, 1.30 per cent and 0.98 per cent respectively.
Industrial Index ended at 6,760.91 points, down 0.01 per cent. Oman Fisheries, Oman Flour Mills and Galfar Engineering gained 1.94 per cent, 1.88 per cent and 1.39 per cent respectively. Raysut Cement declined 3.15 per cent to close at OMR0.860.
Services Index gained 0.27 per cent to finish at 2,470.17 points. Oman Hotels & Tourism, Ooredoo, Port Services and OIFC increased 5.31 per cent, 1.85 per cent, 1.70 per cent and 1.23 per cent respectively. Oman Education & Training, down 0.64 per cent, was the sole sector loser.