Oman's share index ends flat

Business Monday 18/January/2021 15:50 PM
By: United Securities
Oman's share index ends flat

Muscat: The MSM index ended the session on Monday unchanged at 3,643.523 points. The Sharia Index too ended flat at 524.027 points. Al Jazeera Steel Products, up 4.49 per cent, was the top gainer while Aluminium Products, down 5.33 per cent, was the top loser. Shares of Al Ooredoo was the most active in terms of the number of shares traded and also was the most active in terms of turnover.

A total number of 426 trades were executed during the day's trading session, generating a turnover of OMR1.90 million, with more than 7.81 million shares changing hands. Out of 43 traded stocks, 10 advanced, 20 declined and 13 remained unchanged. At the session close, local Investors were net sellers for OMR141,000 while GCC & Arab investors were net buyers for OMR132,000 followed by foreign investors for OMR8,000 worth of shares.

Financial Index closed at 5,594.23 points, down by 0.10 per cent. Arabia Falcon and United Finance were up by 3.90 per cent and 2.33 per cent respectively. Oman & Emirates Holding, Al Sharqia Investment and National Bank of Oman were down by 2.33 per cent, 1.39 per cent and 1.36 per cent respectively.

Industrial Index closed at 4,463.55 points, up 1.46 per cent. Jazeera Steel, Galfar Engineering, Al Maha Ceramics and Oman Cement were up by 8.56 per cent, 6.98 per cent, 2.88 per cent and 2.03 per cent respectively. Aluminium Products was down by 4.49 per cent.

Services index was up by 0.04 per cent before closing at 1,604.86 points. Al Jazeera Service was up by 2.81 per cent. OIFC and Renaissance Service were down by 1.09 per cent and 0.59 per cent respectively.