Oman's share index ends marginally lower

Business Monday 01/February/2021 15:24 PM
By: United Securities
Oman's share index ends marginally lower

Muscat: The MSM index closed at 3,650.193 points, down 0.08 per cent from the previous close. The Sharia Index ended down 0.17 per cent at 530.45 points. Phoenix Power, up 6.0 per cent, was the top gainer while Dhofar Cattle, down 5.10 per cent, was the top loser. Shares of Al Madina Takaful 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 317 trades were executed during the day's trading session, generating a turnover of OMR0.583 million, with more than 4.82 million shares changing hands. Out of 37 traded stocks, 6 advanced, 12 declined and 19 remained unchanged. At the session close, local Investors were net sellers for OMR48,000 while foreign investors were net buyers for OMR38,000 followed by GCC & Arab investors for OMR10,000 worth of shares.
Financial Index closed at 5,483.85 points, down by 0.16 per cent. National Bank of Oman was up by 3.73 per cent. Vision Insurance, Oman Emirates Holding, Bank Nizwa, Madina Takaful, and Bank Muscat were down by 3.61 per cent, 2.33 per cent, 2.04 per cent, 1.10 per cent and 0.99 per cent respectively.
Industrial Index closed at 4,593.80 points, down 0.39 per cent. Al Maha Ceramics and Voltamp Energy were up by 2.01 per cent and 0.95 per cent respectively. Dhofar Cattle, Jazeera Steel, and Galfar Engineering were down by 5.10 per cent, 2.33 per cent, and 1.96 per cent respectively.
Services index was up by 0.63 per cent before closing at 1,605.01 points. Phoenix Power, Al Batinah Power and Omantel were up by 6.0 per cent, 2 per cent and 0.53 per cent respectively.