MSM index ends higher

The top gainer was Oman & Emirates, up 2.94 per cent, while the top loser was Al Suwadi Power, down by 5.56 per cent.

MUSCAT: The MSM30 Index continued with its gaining momentum for the fourth consecutive session and ended at 5,134.88 points, up by 0.30 per cent. The MSM Sharia Index gained by 0.07 per cent at 764.35 points. Bank Nizwa was the most active in terms of both volume and turnover. Sunday’s top gainer was Oman & Emirates Investment Holding, up 2.94 per cent, while the top loser was Al Suwadi Power, down 5.56 per cent.

Subdued activity

Subdued market activity resulted in 292 trades being executed during the session, generating turnover of OMR1.10 million with more than 7.6 million shares changing hands. Out of the 27 traded securities, 9 advanced, 8 declined, and 10 remained unchanged. Omani investors were net sellers for OMR86,000 while GCC and Arab Investors continued to be net buyers for OMR76,000, followed by foreign investors for OMR10,000 worth of shares.

Financial Index gained by 0.32 per cent to close at 7,664.18 points. Oman & Emirates Investment, DIDIC, Ahli Bank, Gulf In- vestment Services, and Bank Nizwa gained 2.94 per cent, 1.97 per cent, 1.82 per cent, 1.25 per cent, and 1.06 per cent respectively. Price of Al Madina Investment, Al Madina Takaful, and Al Anwar Holding declined by 1.49 per cent, 0.87 per cent, and 0.63 per cent respectively.

Industrial Index retreated 0.49 per cent to finish at 7,010.73. points. Only Four stocks from the sector traded, and all of them ended the session in red. Galfar Engineering, Oman Fisheries, Oman Cables, and Al Anwar Ceramic Tiles declined 2.63 per cent, 2.21 per cent, 1.26 per cent, and 0.78 per cent respectively.

Services Index ended at 2,595.04 points, down by 0.32 per cent. Ooredoo, Omantel, and Phoenix Power increased 0.88 per cent, 0.87 per cent, and 0.83 per cent respectively. Al Suwadi Power, which lost 5.56 per cent was the only losing stock from the sector.