Oman’s share index ends marginally higher

Business Wednesday 11/April/2018 17:11 PM
By: Times News Service
Oman’s share index ends marginally higher

Muscat: The MSM30 Index remained stable at 4,789.63 points, up 0.05 per cent. The MSM Sharia Index declined 0.61 per cent to close at 669.94 points. Al Madina Takaful was the most active in terms of volume as well as turnover. Oman Education & Training was the top gainer, up 5.00 per cent while Takaful Oman was the top loser, down 8.86 per cent.
A total number of 733 trades were executed on Wednesday, generating turnover of OMR1.92 million with 11.84 million shares changing hands. Out of 43 traded securities, 14 advanced, 15 declined and 14 remained unchanged. At the session close, GCC & Arab investors were net buyers for OMR148,000 followed by Foreign investors for OMR47,000 while Omani investors remained net sellers for OMR195,000 worth of shares.
Financial Index ended at 7.331.69 points, down 0.20 per cent. National Life Insurance, Vision Insurance, Bank Sohar, Al Anwar Holding and Ominvest gained 3.03 per cent, 2.08 per cent, 0.68 per cent, 0.62 per cent and 0.56 per cent respectively. Takaful Oman, Al Madina Investments, Al Madina Takaful, Al Izz Bank and Bank Dhofar declined 8.86 per cent, 3.39 per cent, 1.96 per cent, 1.22 per cent and 1.05 per cent respectively.
Industrial Index retreated 0.39 per cent to finish at 6,478.91 points. National Aluminium, Gulf International Chemicals, Oman Fisheries and Oman Cement gained 3.64 per cent, 1.92 per cent, 0.79 per cent and 0.56 per cent respectively. Oman Cables and Al Maha Ceramics declined 6.25 per cent and 2.60 per cent respectively.
Services Index closed at 2,604.97 points, up 0.07 per cent. Oman Education & Training, Ooredoo, Renaissance Services, MCDE and Omantel gained 5.00 per cent, 2.90 per cent, 2.00 per cent, 1.37 per cent and 0.45 per cent respectively. Al Batinah Power, Al Jazeera Services, Al Suwadi Power, OIFC and Phoenix Power slid 2.88 per cent, 2.12 per cent, 1.44 per cent, 0.79 per cent and 0.71 per cent respectively. — United Securities