Oman's share index ends marginally higher

Business Sunday 31/January/2021 17:02 PM
By: United Securities
Oman's share index ends marginally higher

Muscat: The MSM index closed at 3,653.22 points, up 0.11 per cent from the previous close. The Sharia Index ended up 0.18 per cent at 531.328 points.

National Bank of Oman, up 7.20 per cent, was the top gainer while Dhofar Generating, down 9.09 per cent, was the top loser. Shares of Al Madina Takaful was the most active in terms of the number of shares traded and Bank Muscat was the most active in terms of turnover.

A total number of 684 trades were executed during the day's trading session, generating a turnover of OMR1.71 million, with more than 12.98 million shares changing hands. Out of 42 traded stocks, 10 advanced, 16 declined and 16 remained unchanged. At the session close, local Investors were net buyers for OMR182,000 while GCC & Arab investors were net sellers for OMR179,000 followed by foreign investors for OMR3,000 worth of shares.

Financial Index closed at 5,492.612 points, up by 0.62 per cent. National Bank of Oman, Bank Nizwa, Oman Emirates Holding, Al Madina Takaful and Al Anwar Holding were up by 7.20 per cent, 3.16 per cent, 2.38 per cent, 2.25 per cent and 1.52 per cent respectively. Oman Arab Bank, United Finance, Al Ahli Bank, Bank Dhofar and Al Omaniya Financial Service were down by 9.09 per cent, 6.67 per cent, 4.96 per cent, 1.92 per cent and 1.45 per cent respectively.

Industrial Index closed at 4,610.695 points, down 0.76 per cent. Aluminium Product and Dhofar Cattle were up by 2.41 per cent, and 2.08 per cent respectively.  Al Anwar Ceramic, Galfar Engineering, Al Maha Ceramics, Oman Flour Mills and Gulf International were down by 2.78 per cent, 1.92 per cent, 1.19 per cent, 1.19 per cent and 0.97 per cent respectively.

Services index was down by 0.48 per cent before closing at 1,594.912 points. Dhofar Generating, Phoenix Power, Ooredoo and Al Maha Marketing were down by 9.09 per cent, 1.96 per cent, 1.88 per cent and 1.68 per cent respectively.