Oman share index falls on low selling, volumes

Muscat: The MSM30 Index ended in red on local selling amid low volumes. The benchmark index ended down by 0.45 per cent to close at 4,740.72 points. The MSM Sharia Index ended at 654.97 points, down 0.13 per cent.
Bank Nizwa was the most active in terms of volume while Oman Flour Mills was the most active in terms of turnover. Ominvest was the top gainer, up 1.58 per cent, while National Aluminium was the top loser, down 6.43 per cent.
A total number of 484 trades were executed on Wednesday, generating turnover of OMR1.27 million with 8.6 million shares changing hands. Out of 36 traded securities, 2 advanced, 14 declined and 20 remained unchanged. At the session close, GCC & Arab investors were net buyers for OMR58,000 followed by Foreign investors for OMR 36,000 while Omani investors were net sellers for OMR93,000 worth of shares.
Financial Index ended at 7229.75 points, down 0.72 per cent. OMINVEST was the only gainer among sector stocks and closed at OMR0.386, up by 1.58%. Al Anwar Holding, Bank Sohar, National Bank of Oman, and Muscat Insurance declined by 2.70 per cent, 2.63 per cent, 2.62 per cent, and 1.96 per cent, respectively.
Industrial Index declined 0.54 per cent to finish at 6,270.10 points. National Aluminium, Galfar Engineering, and Oman Fisheries declined by 6.43 per cent, 2.06 per cent, and 1.71 per cent, respectively.
Services Index closed at 2,548.16 points, down 0.35 per cent. Omantel closed higher by 0.47 per cent at OMR0.860. OIFC, Sohar Power, Al Suwadi Power, Al Batinah Power, and Al Jazeera Services declined by 2.52 per cent, 1.69 per cent, 1.53 per cent, 1.50 per cent, and 1.22 per cent, respectively.