Muscat bourse recovers on institutional support

Business Monday 06/November/2017 17:15 PM
By: Times News Service
Muscat bourse recovers on institutional support

Muscat: Shares on the Muscat bourse continued its recovery. The MSM30 Index closed higher by 0.47 per cent at 5,079.20 points. The MSM Sharia Index ended at 732.92 points, down by 0.01 per cent. Galfar Engineering was the most active in terms of volume while Bank Muscat was the most active in terms of turnover. The top gainer was Oman & Emirates, up by 7.59 per cent while the top loser was Al Maha Petroleum, with a loss of 6.82 per cent.
A total number of 1352 trades were executed on Monday, generating turnover of OMR3.60 million with 22.13 million shares changing hands. Out of 41 traded securities, 15 advanced, 6 declined and 2 remained unchanged. Local investors remained net buyers for OMR302,000 followed by GCC and Arab investors for OMR65,000 while foreign investors were net sellers for OMR367,000 worth of shares.
Financial Index advanced 1.22 per cent to close at 7,371.28 points. Oman & Emirates, Gulf Investment Services, Al Sharqiya Investment, Al Anwar Holding and Ahli Bank increased by 7.59 per cent, 5.13 per cent, 4.59 per cent and 3.55 per cent, respectively. Oman Qatar Insurance was the only loser and was down by 0.67 per cent to close at RO0.149.
Industry Index ended at 6,884.75 points, up by 0.62 per cent. Galfar Engineering, Oman Fisheries, Gulf International Chemicals and Anwar Ceramic added 3.75 per cent, 3.08 per cent, 0.96 per cent and 0.76 per cent, respectively.
Services Index was down by 0.31 per cent to close at 2,548.72 points. Port Services, Jazeira Services, Renaissance Services and OIFC increased by 3.95 per cent, 7.36 per cent, 3.65 per cent and 0.95 per cent, respectively. Al Maha Petroleum, Oman Education & Training Institute, Phoenix Power and Al Batinah Power declined by 6.82 per cent, 6.58 per cent, 1.48 per cent and 1.40 per cent, respectively.