MSM in­dex ends lower

Oman Flour Mills, up by 3.11 per cent, was top gainer while Al Maha Ce­ram­ics was top loser, down by 2.22 per cent.

Times of Oman - - MARKET -

MUSCAT: Profit tak­ing on se­lect stocks weighed on the MSM30 In­dex, which closed at 5,114.12 points, down 0.30 per cent. The MSM Sharia In­dex closed at 748.93 points, down 0.07 per cent. Gal­far En­gi­neer­ing was the most ac­tive in terms of vol­ume while Bank Muscat led in terms of turnover. Oman Flour Mills, up 3.11 per cent, was top gainer while Al Maha Ce­ram­ics was top loser, down 2.22 per cent.

A to­tal num­ber of 672 trades were ex­e­cuted on Tues­day, gen­er­at­ing turnover of OMR2.24 mil­lion with 15.1 mil­lion shares chang­ing hands. For­eign In­vestors were net buy­ers for OMR55,000 while Omani In­vestors switched to net sell­ers for OMR49,000 fol­lowed by GCC and Arab In­vestors for OMR6,000 worth of shares.

Fi­nan­cial In­dex de­clined 0.21 per cent to close at 7,467.71 points. United Fi­nance, Bank Muscat, Taageer Fi­nance and Omin­vest in­creased 3.05 per cent, 1.04 per cent, 0.88 per cent and 0.44 per cent re­spec­tively. Al Bati­nah De­vel­op­ment, Vi­sion In­surance, Bank So­har, Gulf In­vest­ment Ser­vices and Ahli Bank lost 2.17 per cent, 1.45 per cent, 1.27 per cent, 1.16 per cent and 1.14 per cent re­spec­tively.

In­dus­trial In­dex ended at 6,971.63 points, up 0.53 per cent. Oman Flour Mills, Voltamp Energy, Gal­far En­gi­neer­ing, Al Jazeera Steel and Ray­sut Ce­ment gained 3.11 per cent, 2.55 per cent, 2.33 per cent, 1.57 per cent and 0.89 per cent re­spec­tively. Al An­war Ce­ram­ics, Oman Fish­eries and Al Maha Ce­ram­ics de­creased 2.22 per cent, 1.75 per cent and 0.34 per cent re­spec­tively.

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