MSM index ends lower

The top gainer was Al Batinah Development, up by 7.22% while Muscat Thread Mills remained top loser, down by 9.65%.

MUSCAT: Oman’s benchmark MSM30 Index closed on a flat note at 5,818.60 points, marginally down by 0.02 per cent. The MSM Sharia Index closed at 865.56 points, down by 0.17 per cent. Bank Muscat was the most active in terms of volume as well as turnover. The top gainer was Al Batinah Development, up 7.22 per cent post the dividend announcement while Muscat Thread Mills remained top loser, down by 9.65 per cent.

A total number of 874 trades were executed on Sunday, generating turnover of OMR4.00 million with 15.79 million shares changing hands. Out of 41 traded securities, 12 advanced, 7 declined and 22 remained unchanged.

Omani investors were net buyers for OMR1.37 million while Foreign investors were net sellers for OMR1.38 million followed by GCC & Arab investors for OMR4,000 worth of shares.

Financial Index gained 0.12 per cent to close at 8,070.13 points. Al Batinah Development, Al Izz Islamic Bank, Al Madina Investment and Oman United Insurance increased by 6.22 per cent, 2.94 per cent, 1.45 per cent and 1.04 per cent respectively. Taageer Finance, Oman & Emirates , Muscat Finance and Bank Muscat declined by 1.48 per cent, 0.71 per cent, 0.71 per cent and 0.44 per cent respectively.

Industrial Index fell by 0.20 per cent to finish at 7,761.65 points. Oman Fisheries, Galfar Engineering and Gulf International Chemicals increased by 1.82 per cent,1.10 per cent and 0.70 per cent, respectively.

Muscat Thread Mills and Al Anwar Ceramic Tiles declined by 9.65 per cent and 4.02 per cent respectively.

Services Index ended at 3,036.30 points, up by 0.07 per cent. Port Services and Renaissance Services were up by 3.46 per cent and 1.66 per cent respectively.

Al Jazeira Services was the only loser in the sector and was down by 1.06 per cent to close at OMR0.186.