Buying support continues on Muscat bourse

Business Tuesday 05/April/2016 18:06 PM
By: Times News Service
Buying support continues on Muscat bourse

Muscat: Momentum driven by institutional buyers continues in Oman with the MSM30 Index showing marginal gains of 0.13 per cent to close at 5,569.96 points. The MSM Sharia Index declined by 0.11 per cent to close at 846.10 points.
Bank Sohar was the most active in terms of volume as well as turnover. Gulf Investment Services, up by 4.72 per cent, was the top gainer while Global Financial Investment remained the top loser, down by 9.47 per cent.
As many as1,389 trades were executed on Tuesday, generating turnover of OMR4.8 million with 29.6 million shares changing hands. Out of 43 traded securities, 15 advanced, 15 declined and 13 remained unchanged. Foreign investors remained net buyers for OMR62,000 followed by GCC and Arab investors for OMR54,000 while Omani investors were net sellers for OMR116,000 worth of shares.
Financial Index was stable at 7,043.77 points, down by 0.03 per cent. Gulf Investment Services, Al Madina Investments, Bank Sohar, National Finance and Bank Muscat gained by 4.72 per cent, 3.23 per cent, 3.23 per cent, 2.21 per cent and 1.04 per cent, respectively. Global Financial Investment, Oman Orix Leasing, Al Izz Bank, Ahli Bank and Bank Nizwa slid by 9.47 per cent, 3.28 per cent, 3.28 per cent, 2.78 per cent and 2.63 per cent, respectively.
Industrial Index retreated by 0.20 per cent to end at 6,728.45 points. Raysut Cement and Al Maha Ceramic gained by 1.67 per cent and 1.63 per cent, respectively. Al Hassan Engineering, Galfar Engineering, Oman Fisheries and Gulf International Chemicals declined by 6.67 per cent, 5.56 per cent, 1.69 per cent and 1.47 per cent, respectively.
Services Index closed at 3,118.20 points, a gain of 0.18 per cent. OIFC, Port Services, Phoenix Power, Al Suwadi Power and Oman Telecommunications Company gained by 3.03 per cent, 2.63 per cent, 2.04 per cent, 1.45 per cent and 0.64 per cent, respectively. SemcorpSalalah, National Gas and OoredooOman declined by 1.09 per cent, 0.71 per cent and 0.56 per cent, respectively.