Oman's share index ends marginally lower

Business Sunday 29/March/2020 18:16 PM
By: Times News Service
Oman's share index ends marginally lower

As a few of the index heavyweights traded ex-dividend, the MSM30 index closed at 3,479.96 points, down 1.66 per cent. The Sharia Index closed down 0.22 per cent at 504.41 points. Al Batinah Power, up 1.96 per cent, was the top gainer while Omantel, down 9.68 per cent was the top loser. Bank Muscat was the most active in terms of number of shares traded as well as turnover.
A total number of 173 trades were executed during the day's trading session, which was cut short to 2 hours in a bid to fight against the novel coronavirus. Turnover was OMR499K, with more than 3.15 million shares changing hands. Out of 26 traded stocks, 2 advanced, 13 declined and 11 remained unchanged. At the session close, domestic investors were net sellers for OMR251,000 while GCC and Arab investors were net buyers for OMR174,000 followed by foreign investors for OMR77,000 worth of shares.
Financial Index closed at 5,519.47 points, down 0.92 per cent. There were no gainers from the sector. Oman & Emirates Investment Holding, Al Madina Takaful, Gulf Investment Services Holding, Al Sharqia Investment Holding, and Al Anwar Holding were down by 8.77 per cent, 6.25 per cent, 5.66 per cent, 4.76 per cent, and 3.08 per cent respectively.
Industrial Index closed at 3,996.60 points, down 0.08 per cent. There were no gainers from the sector. Galfar Engineering was the only stock that witnessed a price change, and was down 2.17 per cent.
Services index was down 1.08 per cent before closing at 1,675.54 points. Al Batinah Power and OIFC were up by 1.96 per cent and 1.04 per cent respectively. Omantel, Oman National Engineering & Investment, SMN Power Holding, and Renaissance Services were down by 9.68 per cent, 3.33 per cent, 2.86 per cent, and 0.53 per cent respectively.