Dull trading on Muscat bourse

Business Tuesday 29/March/2016 18:35 PM
By: Times News Service
Dull trading on Muscat bourse

Muscat: Oman’s stock market remained muted with the MSM 30 Index stable at 5,540.90 points, down 0.10 per cent. The MSM Sharia Index declined by 0.14 per cent to close at 844.54 points.
Galfar Engineering was the most active in terms of volume and turnover. Global Financial Investment, up 7.47 per cent, remained the top gainer while United Finance was the day’s top loser, down 9.33 per cent.
As many as1,284 trades were executed on Tuesday, generating turnover of OMR3.9 million with 25.1 million shares changing hands. Out of 47 traded securities, 19 advanced, 14 declined and 14 remained unchanged. Omani Investors were net buyers for OMR401,000 while foreign investors were net sellers for OMR331,000 followed by GCC and Arab investors for OMR69,000 worth of shares.
Financial Index was relatively flat at 7,034.46 points, up 0.07 per cent. Global Financial Investment, BankDhofar, Oman & Emirates Holding, HSBC Bank and NBO gained by 7.47 per cent, 2.12 per cent, 1.94 per cent, 1 per cent and 0.79 per cent, respectively. United Finance, Ahli Bank, Al Izz Bank, Al Sharqia Investments and Bank Nizwa declined by 9.33 per cent, 4.30 per cent, 3.28 per cent, 2.75 per cent and 2.67 per cent, respectively.
Industrial Index gained 0.26 per cent to close at 6,693.40 points. Al Hassan Engineering, Oman Flour Mills, Galfar Engineering, Construction Materials and DhofarCattlefeed increased by 7.25 per cent, 5.24 per cent, 5.19 per cent, 3.03 per cent and 0.88 per cent, respectively. Oman Textiles, Voltamp Energy and Gulf International Chemicals declined by 5.88 per cent, 1.37 per cent and 1.23 per cent, respectively.
Services Index declined by 0.41 per cent to end at 3,107.86 points. Sembcorp Salalah, National Gas, Port Services and Ooredoo gained by 1.56 per cent, 0.63 per cent, 0.56 per cent and 0.53 per cent, respectively. OIFC, Al Jazeera Services and Renaissance Services declined by 8.41 per cent, 2.18 per cent and 2.13 per cent, respectively.