Oman's share index rises on high trading volumes

Business Monday 25/April/2016 16:55 PM
By: Times News Service
Oman's share index rises on high trading volumes

Muscat: Amid high trading volumes, the MSM30 Index remained buoyant to close at 5,926.14 points, up 0.58 per cent. The MSM Sharia Index ended at 877.43 points, up 0.11 per cent. Galfar Engineering was the most active in terms of volume as well as turnover. Monday’s top gainer was HSBC Bank, with gain of 9.26 per cent while Bank Nizwas which declined 3.80 per cent was the top loser.
A total number of 2,452 trades were executed on Monday, generating turnover of OMR9.7 million with 51.7 million shares changing hands. Out of 50 traded securities, 24 advanced, 11 declined and 15 remained unchanged. At the session close, GCC & Arab investors were net buyers for OMR577,000 followed by Omani Investors for OMR343,000 while Foreign Investors remained net sellers for OMR920,000.
Financial Index continued its uptrend to close at 7,677.97 points, up 1.12 per cent. HSBC Bank, Muscat Finance, Al Sharqia Investments, Al Batinah Development and Oman United Insurance increased 9.26 per cent, 4.24 per cent, 3.91 per cent, 2.20 per cent and 2.20 per cent respectively. Bank Nizwa, Oman & Emirates, Al Izz Bank, Gulf Investment Services and Bank Sohar declined 3.80 per cent, 2.21 per cent, 1.64 per cent, 1.49 per cent and 0.55 per cent respectively.
Industrial Index advanced 0.67 per cent to end at 7,179.12 points. Galfar Engineering, Oman Textiles, Oman Flour Mills, Oman Cables and Al Hassan Engineering gained 3.51 per cent, 3.13 per cent, 2.91 per cent, 2.64 per cent and 2.04 per cent respectively. National Aluminium, Oman Fisheries and Al Anwar Ceramics declined 3.60 per cent, 1.41 per cent and 1.10 per cent respectively.
Services Index ended negatively at 3,243.91 points, down 0.10 per cent. Port Services, Shell Oman Marketing and Ooredoo increased 3.19 per cent, 1.06 per cent and 0.53 per cent respectively. OIFC, Renaissance Services and Sembcorp Salalah declined 3.08 per cent, 1.21 per cent and 0.39 per cent respectively.