Oman's shares end higher on strong buying support

Business Sunday 26/November/2017 17:11 PM
By: Times News Service
Oman's shares end higher on strong buying support

Muscat: Oman’s benchmark MSM30 Index closed with gains for the third consecutive session at 5,111.11 points, up by 0.16 per cent. The MSM Shariah Index ended at 724.54 points, marginally up by 0.19 per cent. Oman Fisheries was the most active in terms of volume as well as turnover. The top gainer was Jazeera Steel Product up by 3.53 per cent while the top loser was Oman& Emirates with a loss of 3.66 per cent.
A total number of 491 trades were executed on Sunday, generating a turnover of OMR1.58 million with 9.26 million shares changing hands. Out of 35 traded securities, 11 advanced, 6 declined, and 18 remained unchanged. At the end of the trading session, Regional investors were net buyers for OMR126,000 followed by Omani investors for OMR80,000 while Foreign investors were net sellers for OMR206,000 worth of shares.
Financial Index rose by 0.42 per cent to close at 7,431.82 points. Ahli Bank, National Bank of Oman, Bank Sohar and Bank Nizwa increased by 1.80 per cent, 1.50 per cent, 1.27 per cent and 1.09 per cent respectively. Oman & Emirates, Gulf Investment Services, Al Anwar Holding and Bank Muscat declined by 3.66 per cent, 2.50 per cent, 0.67 per cent and 0.50 per cent respectively.
Industry Index ended at 6,720.48 points, up by 0.20 per cent. Jazeera Steel Products and Oman Fisheries increased by 3.53 per cent and 3.01 per cent respectively.
Services Index up by 0.29 per cent to finish at 2,588.36 points. Phoenix Power, Al Batinah Power, Renaissance Services and Oreedoo Oman increased by 2.22 per cent, 1.43 per cent, 0.82 per cent and 0.74 per cent respectively. Oman Oil Marketing was the only loser and was down by 0.32 per cent to close at OMR1.580.