Oman’s share index edges down on profit-booking

Business Monday 27/November/2017 16:57 PM
By: Times News Service
Oman’s share index edges down on profit-booking

Muscat: MSM30 index closed at 5108.47 points, marginally down by 0.05 per cent. The MSM Shariah Index ended at 718.52 points, down by 0.83 per cent. Bank Sohar was the most active in terms of volume as well as turnover. The top gainer was Ahli Bank up by 2.94 per cent while the top loser was Shell Oman Marketing with a loss of 5.01 per cent.
A total number of 455 trades were executed on Monday, generating a turnover of OMR8.12 million with 44.5 million shares changing hands. Out of 41 traded securities, 8 advanced, 17 declined, and 16 remained unchanged. At the end of the trading session, Regional investors were net buyers for OMR41,000 followed by Omani investors for OMR33,000 while Foreign investors were net sellers for OMR74,000 worth of shares.
Financial Index were up by 0.11 per cent to close at 7,440.14 points. Ahli Bank, Ahlia Insurance, HSBC Bank Oman and National Bank Oman increased by 2.94 per cent, 2.58 per cent, 0.81 per cent and 0.49 per cent respectively. Al Izz Islamic Bank,Oman Qatar Insurance , Bank Sohar and Al Madina Takaful declined by 1.52 per cent, 1.33 per cent, 1.26 per cent and 1.00 per cent respectively.
Industry Index ended at 6,746.87 points, down by 0.12 per cent. Jazeera Steel Products, Oman Refreshment and Oman Fisheries increased by 1.89 per cent, 1.59 per cent and 0.73 per cent respectively. Al Anwar Ceramics, Al Maha Ceramics, Galfar Engineering and National Aluminum declined by 2.33 per cent, 1.79 per cent, 1.25 per cent and 0.61 per cent respectively.
Services Index down by 0.49 per cent to finish at 2,588.36 points. Renaissance Services was the only loser and was down by 2.83 per cent to close at OMR0.254. Shell Oman Marketing, National Gas, Phoenix Power and Oman Education & Training Institute declined by 5.01 per cent, 2.79 per cent, 2.17 per cent and 1.88 per cent respectively.