Oman's share index closes marginally lower

Business Wednesday 25/December/2019 16:52 PM
By: Times News Service
Oman's share index closes marginally lower

MSM30 index closed at 3,874.87 down by 0.63 per cent. The Sharia index closed down by 0.24 per cent at 532.98. Sahara Hospitality, up 9.88 per cent, was the top gainer while Global Financial Investment down 9.33 per cent, was the top loser. Global Financial Investment was the most active in terms of the number of shares traded as well as turnover.
A total number of 263 trades were executed during the day's trading session, generating a turnover of OMR2.02 million with more than 19.67 million shares changing hands. Out of 34 traded stocks, 2 advanced, 17 declined and 15 remained unchanged. At the session close, Local investors were net buyers for OMR549,000 while foreign investors were net sellers for OMR520,000 followed by GCC & Arab investors for OMR29,000 worth of shares.
Financial Index closed at 6,113.01 points, down 0.76 per cent. No Gainers from the financial sector. Global Financial Investment, Gulf Investment, Muscat Finance, Sohar International Bank and Al Anwar Holding were down by 9.33 per cent, 7.94 per cent, 3.70 per cent, 2.78 per cent and 2.56 per cent respectively.
Industrial Index closed at 4,243.95 points, down by 0.50 per cent. No Gainers from the Industrial sector. Gulf International Chemicals, Galfar Engineering, Oman Cement, Oman Fisheries and Al Anwar Ceramic were down by 8.33 per cent, 2.90 per cent, 1.32 per cent, 1.25 per cent and 0.79 per cent respectively.
Services index closed down 0.45 per cent at 1,882.55. points. Sahara Hospitality and National Gas were up by 9.88 per cent and 1.00 per cent Phoenix Power, Al Suwadi Power, Omantel and Musandam Power were down by 2.86 per cent, 1.67 per cent, 1.36 per cent and 0.33 per cent respectively.