MSM index ends flat

Muscat: MSM stocks held on to their Thursday’s gains, and closed on a relatively flat note with the MSM30 Index closing marginally higher at 3,860.83 points, up 0.05%.
The MSM Shariah Index also ended higher by 0.61% at 526.63 points. National Aluminium Products was the most active in terms of volume and turnover. Oman Flour Mills, up 6.38%, was the top gainer while the top loser was Al Maha Ceramics, which lost 2.73%.
A total number of 377 trades were executed during the day’s trading session generating turnover of OMR996,000 with more than 3.51 million shares changing hands. Out of 28 traded stocks, 5 advanced, 5 declined and 18 remained unchanged. At the session close, GCC and Arab investors were net sellers for OMR89,000 while Omani investors were net buyers for OMR45,000 followed by foreign investors for OMR43,000 worth of shares.
Financial Index lost 0.09% to end at 6,269.09 points. Al Madina Takaful was the only gaining stock from the sector and closed higher by 1.18%. Price of Bank Nizwa shares were down by 1.15%, and it closed at OMR0.086.
Industrial Index closed at 4,590.08 points, up by 0.78%. Oman Flour Mills, Raysut Cement, and Oman Cement were up by 6.38%, 2.60%, and 0.87% respectively. Al Maha Ceramics, and National Aluminium Products were down by 2.73%, and 0.59% respectively.
Services Index lost 0.13% to close at 1,956.25 points. Omantel closed higher by 1.48% at OMR0.548. Ooredoo and Al Jazeera Services were down by 2.13% and 1.79% respectively.