Oman's share index ends marginally higher

Business Monday 15/March/2021 17:08 PM
By: United Securities
Oman's share index ends marginally higher

Muscat: The MSM index closed at 3,727.48 points, up 0.03 per cent from the previous close.

The Sharia Index ended down 0.13 per cent at 544.29 points. OIFB, up 14.29 per cent, was the top gainer while United Power, down 9.78 per cent, was the top loser. Shares of Al Anwar Investment was the most active in terms of the number of shares traded while Sohar Bank Perp Bond was the most active in terms of turnover.

A total number of 578 trades were executed during the day's trading session, generating a turnover of OMR1.79 million, with more than 11.64 million shares changing hands. Out of 47 traded stocks, 18 advanced, 12 declined and 17 remained unchanged. At the session close, GCC & Arab investors were net buyers for OMR402,000 while local investors were net sellers for OMR378,000 followed by foreign investors for OMR24,000 worth of shares.

Financial Index closed at 5,728.22 points, down by 0.16 per cent. Muscat Finance, United Finance, HSBC Bank Oman and Arabia Falcon were up by 5.0 per cent, 2.33 per cent, 1.06 per cent and 1.00 per cent respectively. Al Sharqia Investment, Oman Emirates Holding, National Bank of Oman, Oman United and Al Omaniya Financial were down by 2.90 per cent, 2.17 per cent, 2.05 per cent, 1.95 per cent and 1.33 per cent respectively.

Industrial Index closed at 4,651.21 points, down 0.12 per cent. Aluminium Product, Raysut Cement, and Al Maha Ceramics were up by 3.67 per cent, 1.45 per cent and 0.36 per cent respectively. Oman Flour Mills, Voltamp Energy and Al Anwar Ceramic were down by 2.35 per cent, 0.83 per cent and 0.63 per cent respectively.

Services index was down by 0.10 per cent before closing at 1,537.78 points. SMN Power and Ooredoo were up by 6.35 per cent and 0.48 per cent respectively. United Power, Oman National Engineer, Al Suwadi Power and OIFC were down by 9.78 per cent, 2.11 per cent, 1.92 per cent and 1.22 per cent respectively.