Oman’s share index recovers on active buying support

Business Monday 30/October/2017 15:14 PM
By: Times News Service
Oman’s share index recovers on active buying support

Muscat: Due to buying activity in large capitalised shares, Oman’s benchmark MSM30 Index gained 0.32 per cent to close at 4,982.30 points. The MSM Sharia Index closed at 728.14 points, up 0.47 per cent. Al Madina Takaful was the most active in terms of volume while Oman Oil Marketing was most active in terms of turnover. Up 4.10 per cent, Al Anwar Ceramics was the top gainer while A’Saffa Foods was the top loser, down 7.12 per cent.
A total number of 576 trades were executed on Monday, generating turnover of OMR5.56 million with 18.6 million shares changing hands. Out of 34 traded securities, 11 advanced, 5 declined and 18 remained unchanged. At the end of the trading session, Local Investors remained net buyers for OMR65,000 followed by Foreign Investors for OMR38,000 while GCC & Arab Investors were net sellers for OMR103,000 worth of shares.
Financial Index ended at 7,136.33 points, up 0.11 per cent. Gulf Investment Services, Al Anwar Holding, Bank Nizwa and NBO gained 2.74 per cent, 2.36 per cent, 1.11 per cent and 0.55 per cent respectively. Bank Dhofar and Ahli Bank declined 1.84 per cent and 1.01 per cent respectively.
Industry Index increased 0.36 per cent to close at 6,717.85 points. Al Anwar Ceramics and Muscat Thread Mills increased 4.10 per cent and 3.75 per cent respectively. A’Saffa Foods and Oman Fisheries lost 7.12 per cent and 0.85 per cent respectively.
Services Index had strong gain of 0.72 per cent to finish at 2,528.81 points. Ooredoo, Sembcorp Salalah, National Gas, OIFC and Al Suwadi Power gained 3.77 per cent, 1.82 per cent, 1.59 per cent, 0.76 per cent and 0.70 per cent respectively. Omantel, down 0.43 per cent, was the only sector loser on Monday.