Oman share index falls on profit booking

Business Wednesday 04/May/2016 17:50 PM
By: Times News Service
Oman share index falls on profit booking

Muscat: In a quiet trading session, the MSM30 Index saw profit booking in retail stocks and ended at 5,979.75 points, down 0.07 per cent. The MSM Sharia Index was stable at 883.97 points, up 0.04 per cent. Galfar Engineering was the most active in terms of volume as well as turnover. Global Financial Investment was the top gainer, up 7.41 per cent while Gulf Investment Services was today’s top loser, down 4.44 per cent.
A total number of 1,153 trades were executed on Wednesday, generating turnover of OMR3.67 million with 20.9 million shares changing hands. Out of 46 traded securities, eight advanced, 24 declined and 14 remained unchanged. Omani investors were net buyers for OMR13,000 while GCC & Arab investors remained net sellers for OMR7,000 followed by Foreign Investors for OMR6,000 worth of shares.
Financial Index retreated 0.50 per cent to close at 7,788.02 points. Global Financial Investment, Ominvest and Oman & Emirates increased 7.41 per cent, 1.09 per cent and 0.64 per cent respectively. Gulf Investment Services, HSBC Bank, Al Sharqia Investments, Bank Sohar and NBO declined 4.44 per cent, 2.52 per cent, 2.42 per cent, 1.64 per cent and 1.52 per cent respectively.
Industrial Index ended negatively at 7,195.68 points, down 0.22 per cent. Raysut Cement and Oman Flour Mills gained 1.27 per cent and 0.34 per cent respectively. Al Hassan Engineering, Galfar Engineering, Oman Textiles, Construction Materials and Al Jazeera Steel declined 3.96 per cent, 3.33 per cent, 3.03 per cent, 2.78 per cent and 1.52 per cent respectively.
Services Index advanced 0.77 per cent to close at 3,300.17 points. Renaissance Services, National Gas and Al Jazeera Services advanced 7.01 per cent, 6.54 per cent and 0.87 per cent respectively. Port Services, Phoenix Power and OIFC declined 1.59 per cent, 0.65 per cent and 0.49 per cent respectively.