Oman's share index ends marginally higher

Business Tuesday 09/March/2021 17:14 PM
By: United Securities
Oman's share index ends marginally higher

Muscat: The MSM index closed at 3,697.06 points, up 0.80 per cent from the previous close. The Sharia Index ended up 0.24 per cent at 541.57 points. Oman Investment & Financials Bonds, up 8.33 per cent, was the top gainer while Raysut Cement, down 6.67 per cent, was the top loser. Shares of Ahli Bank were the most active in terms of the number of shares traded while Oman United Insurance was most active in terms of turnover.

A total number of 748 trades were executed during the day's trading session, generating a turnover of OMR2.8 million, with more than 18.6 million shares changing hands. Out of 47 traded stocks, 18 advanced, 11 declined and 18 remained unchanged. At the session close, Omani investors were net sellers for OMR190,000 while foreign investors were net buyers for OMR118,000 followed by GCC & Arab investors for OMR72,000 worth of shares.

Financial Index closed at 5,699.11 points, up by 1.29 per cent. Sohar International Bank, Oman Arab Bank, National Bank Oman, United Finance and HSBC Bank Oman were up 7.06 per cent, 4.29 per cent, 2.86 per cent, 2.38 per cent and 2.33 per cent respectively. Ominvest was the only loser by 1.78 per cent.

Industrial Index closed at 4,665.87 points, down 1.36 per cent. National Aluminum Product was the only gainer by 6.31 per cent. Raysut Cement, Oman Cement, Dhofar Cattle Feed, Jazeera Steel Product and Al Maha Ceramics were down 6.67 per cent, 4.82 per cent, 4.35 per cent, 3.14 per cent and 1.44 per cent respectively.

Services index was up by 0.26 per cent before closing at 1,534.74 points. National Gas, Ooredoo, Oman Investment & Financials and Sembcorp were up 3.76 per cent, 2.50 per cent, 2.47 per cent and 1.16 per cent respectively. Oman National Engineering, Al Suwadi Power, Renaissance Service, Oman Telecommunication and Muscat Gases were down 2.06 per cent, 1.92 per cent, 1.76 per cent, 1.08 per cent and 0.49 per cent respectively.