Oman's share index ends lower marginally

Business Sunday 24/February/2019 16:51 PM
By: Times News Service
Oman's share index ends lower marginally

Muscat: The MSM30 index stood lower and closed at 4,053.36 points, down by 0.05 per cent. The MSM Sharia Index closed at 554.64 points, down by 0.13 per cent. Galfar Engineering was the most active in terms of volume while Bank Muscat was the most active in terms of turnover. Galfar Engineering, up 6.67 per cent, was the top gainer while the top loser was Muscat Gases, which lost 5.13 per cent.
A total number of 879 trades were executed during the day's trading session generating turnover of OMR4.40 million with more than 31.98 million shares changing hands. Out of 31 traded stocks, 9 advanced, 5 declined and 17 remained unchanged. At the session close, GCC and Arab investors were net sellers for OMR28,000, while Omani investors were net buyers for OMR29,000 worth of shares.
Financial Index closed lower by 0.05 per cent at 6,553.55 points. Gulf Invest Services Holding, Muscat Finance and Al Anwar Holding were up by 3.51 per cent, 1.18 per cent and 1.12 per cent respectively. Alizz Islamic Bank was down by 2.3 per cent respectively.
Industrial Index was up by 0.73 per cent at 4,808.38 points. Galfar Engineering, Al Anwar Ceramic Tiles and Oman Fisheries were up by 6.67 per cent, 3.9 per cent and 1.89 per cent respectively. Oman Cement was down by 1.41 per cent.
Services Index closed lower by 0.21 per cent at 2,063.91 points. OIFC, Al Batinah Power and Muscat City Desalination were up by 3.8 per cent, 2.22 per cent and 0.81 per cent respectively. Muscat Gases, Renaissance Services and National Gas were down 5.13 per cent, 3.03 per cent and 2.4 per cent respectively.