Oman stock market continues to recover

Business Monday 11/April/2016 17:07 PM
By: Times News Service
Oman stock market continues to recover

Muscat: Shares on the Muscat bourse continues recovery on support from institutional investors. The MSM30 Index continued its bullish run with high retail trading activity to close at 5,681.22 points, up 0.52 per cent. The MSM Sharia Index ended relatively flat at 855.30 points, up 0.04 per cent. Galfar Engineering was the most active in terms of volume while Bank Muscat led in terms of turnover. With gain of 7.31 per cent, National Aluminium was the day’s top gainer while Oman Refreshments was the top loser, down 2.22 per cent.
A total number of 1,785 trades were executed on Monday, generating turnover of OMR6.9 million with 41.5 million shares changing hands. Out of 57 traded securities, 26 advanced, seven declined and 24 remained unchanged. At the session close, Omani Investors were net buyers for OMR527,000 followed by GCC & Arab investors for OMR79,000 while Foreign Investors were net sellers for OMR606,000 worth of shares.
Financial Index continued its hot streak to close at 7,330.69 points, up 1.00 per cent. Gulf Investment Services, Al Batinah Development, Oman & Emirates, Al Sharqia Investment and Al Madina Investment gained 6.35 per cent, 6.10 per cent, 5.60 per cent, 5.26 per cent and 3.03 per cent respectively. Bank Dhofar, Al Anwar Holding and DIDIC declined 1.96 per cent, 1.33 per cent and 0.52 per cent respectively.
Industrial Index advanced 0.93 per cent to end at 6,881.76 points. National Aluminium, Galfar Engineering, Al Jazeera Steel, Al Maha Ceramics and Gulf International Chemicals increased 7.31 per cent, 6.90 per cent, 6.45 per cent, 3.02 per cent and 2.63 per cent respectively. Oman Refreshments, down 2.22 per cent was the sole loser.
Services Index ended at 3,146.63 points, up 0.14 per cent . National Gas, OIFC, Al Suwadi Power and Renaissance Services gained 1.69 per cent, 1.40 per cent, 0.95 per cent and 0.52 per cent respectively. Port Services, Ooredoo and Sharqiyah Desalination declined 1.80 per cent, 0.55 per cent and 0.11 per cent respectively.