Oman's share index closes marginally higher

The MSM30 index closed at 4,101.59 points, up 0.13 per cent. The Sharia index closed up 0.04 per cent at 548.63 points. Al Madina Investment, up 8.00 per cent, was the top gainer while Gulf Investment Service, down 3.13 per cent was the top loser. Oman Fisheries was the most active in terms of number of shares traded while Omantel was the most active in terms of turnover.
A total number of 235 trades were executed during the day's trading session, generating a turnover of OMR1.0 million with more than 5.9 million shares changing hands. Out of 32 traded stocks, 7 advanced, 11 declined and 14 remained unchanged. At the session close, GCC and Arab investors were net sellers for OMR280,000 while foreign investors were net buyers for OMR194,000 followed by Local investors for OMR87,000 worth of shares.
Financial Index closed at 6,478.730 points, up 0.23 per cent. Al Madina Investment, Al Omaniya Financial, Bank Dhofar and Bank Muscat were up by 8.00 per cent, 1.77 per cent, 1.77 per cent and 0.45 per cent respectively. Gulf Investment, Oman & Emirates, Oman United Insurance and Al Anwar Holding were down by 3.13 per cent, 1.72 per cent, 1.23 per cent and 1.16 per cent respectively.
Industrial Index closed at 4,358.94 points, down 0.19 per cent. Oman Cement was up by 0.38 per cent. Galfar Engineering, Oman Fisheries and Raysut Cement were down by 1.59 per cent, 1.22 per cent and 0.41 per cent respectively.
Services index closed lower by 0.07 per cent at 1,900.68 points. Renaissance Service was up by 2.92 per cent. Phoenix Power, OIFC, Al Batinah, and Al Suwadi Power were down by 3.33 per cent, 1.72 per cent, 1.67 per cent and 1.64 per cent respectively.