Oman’s share index declines marginally

Business Monday 16/April/2018 17:56 PM
By: Times News Service
Oman’s share index declines marginally

Muscat: The MSM30 Index closed lower at 4,767.19 points, down 0.20 per cent. The MSM Sharia Index closed at 668.97 points, down 0.12 per cent. Galfar Engineering was the most active regarding volume as well as turnover. A’Saffa Foods was the top gainer, up 4.63 per cent while Galfar Engineering was the top loser, down 6.80 per cent.
A total number of 782 trades were executed on Monday, generating a turnover of OMR2.51million with 19.02 million shares changing hands. Out of 38 traded securities, 6 advanced, 16 declined and 16 remained unchanged. At the session close, GCC & Arab investors were net buyers for OMR10,000 followed by Foreign investors for OMR3,000 while Omani investors were net sellers for OMR3,000 worth of shares.
Financial Index declined 0.38 per cent to finish at 7,267.26 points. Gulf Investment Services, HSBC Bank Oman, Oman& Emirates and Bank Sohar gained by 3.81 per cent, 2.91 per cent, 0.81 per cent and 0.68 per cent respectively. Al Madina Investment, Al Anwar Holding, Bank Nizwa and Al Madina Takaful declined by 5.36 per cent,3.77 per cent, 1.125 per cent 0.97 per cent respectively.
Industrial Index fell by 1.10 per cent to end at 6,338.54 points. A’Saffa Foods was the only gainer and was up by 4.63 per cent to close at OMR0.588. Galfar Engineering, Voltamp Energy, Oman Fisheries, Oman Cables and Oman Cement fell by 6.80 per cent, 2.91 per cent, 2.59 per cent, 0.89 per cent and 0.55 per cent respectively.
Services Index closed at 2,584.53 points, down 0.52 per cent. Suwadi Power, Renaissance Services, OIFC, Al Jazeira Services and Al Maha Petroleum declined by 2.19 per cent, 2.01 per cent, 1.63 per cent, 1.62 per cent and 1.141 per cent respectively.