Oman shares open week with gains

Business Sunday 25/March/2018 17:38 PM
By: Times News Service
Oman shares open week with gains

Muscat: The MSM30 Index had a stable session to close at, 4,802.56 points, up 0.03 per cent. The MSM Sharia Index gained 0.67 per cent to end at 681.56 points. Due to a special deal, Al Jazeera Steel was the most active in terms of both volume and turnover. The top gainer was also Al Batinah Development, up 4.65 per cent while the top loser was Omantel, down 5.26 per cent.
A total number of 834 trades were executed on Sunday, generating turnover of OMR19.15 million with 85.2 million shares changing hands. Out of 39 traded securities, 17 advanced, 11 declined and 11 remained unchanged. At the session close, Omani investors switched to net buyers for OMR16.1 million while GCC & Arab investors were net sellers for OMR16.0 million followed by Foreign investors for OMR121,000 worth of shares.
Financial Index closed at 7,230.66 points, up 0.43 per cent. AL Batinah Development, Gulf Investment Services, Al Izz Bank, Ominvest and Oman & Emirates Holding gained 4.65 per cent, 4.55 per cent, 3.95 per cent, 3.08 per cent and 2.94 per cent respectively. Muscat Finance, Al Sharqia Investments, Bank Nizwa, HSBC Bank and Taageer Finance declined 2.80 per cent, 2.73 per cent, 1.16 per cent, 0.94 per cent and 0.82 per cent respectively.
Industrial Index gained 0.18 per cent to finish at 6,695.24 points. Oman Fisheries and Al Anwar Ceramics gained 3.94 per cent and 1.74 per cent respectively. Al Maha Ceramics, National Aluminium and Galfar Engineering declined 1.40 per cent, 1.36 per cent and 0.98 per cent respectively.
Services Index ended at 2,558.76 points, up 0.13 per cent. Al Jazeera Services, Ooredoo, Oman National Engineering, Renaissance Services and Al Batinah Power increased 3.82 per cent, 3.48 per cent, 1.94 per cent, 1.82 per cent and 1.45 per cent respectively. Omantel, National Gas and Phoenix Power declined 5.26 per cent, 2.02 per cent and 0.72 per cent respectively.