MSM index ends lower

Oman Orix Leasing remained the top gainer while Al Hassan Engineering was top loser on Wednesday.

MUSCAT: Shares on the Muscat bourse reacted with the MSM30 Index ending on a negative note at 5,423.17 points, down by 0.17 per cent. The MSM Sharia Index gained 0.17 per cent to close at 790.99 points. Al Madina Takaful remained the most active in terms of volume and turnover. Oman Orix Leasing remained the top gainer, up by 9.09 per cent while Al Hassan Engineering was the top loser, down by 4 per cent.

A total number of 1,052 trades were executed on Wednesday, generating a turnover of OMR4.5 million with 31.67 million shares changing hands. Out of 40 traded securities, 8 advanced, 11 declined, and 21 remained unchanged. At the session close, Omani Investors switched to net buyers for OMR181,000 followed by GCC & Arab Investors for OMR84,000 while Foreign Investors were net sellers for OMR265,000 worth of shares.

Financial Index gained 0.10 per cent to close at 8,010.23 points. Oman Orix Leasing, Al Madina Takaful, Al Madina Investments, Al Izz Bank and Al Sharqia Investments gained 9.09 per cent, 7.62 per cent, 3.08 per cent, 2.74 per cent and 0.87 per cent respectively. United Finance, Bank Nizwa, Gulf Investment Services, HSBC Bank and Oman United Insurance declined 1.53 per cent, 1.09 per cent, 0.98 per cent, 0.75 per cent and 0.56 per cent respectively. Industrial Index closed at 7,352.94 points, up 0.16 per cent. Oman Fisheries gained 4.20 per cent to close at 0.149. Al Hassan Engineering, Voltamp Energy and Al Anwar Ceramics lost 4.00 per cent, 0.88 per cent and 0.68 per cent respectively.