MSM index ends lower

The top gainer was Oredoo Oman, up by 0.37 per cent, while the top loser was Al Maha Petroleum, with a loss of 4.47 per cent.

MUSCAT: Shares on the Muscat bourse reacted on weak investor sentiment. MSM30 Index ended on a negative note to close at 5,085.24 points, down by 0.24 per cent. The MSM Sharia Index ended at 725.12 points, down by 0.17 per cent. Oman Takaful was the most active in terms of volume as well as turnover. The top gainer was Oredoo Oman, up by 0.37 per cent, while the top loser was Al Maha Petroleum, with a loss of 4.47 per cent.

A total number of 437 trades were executed on Monday, generating a turnover of OMR2.2 million with 11.2 million shares changing hands. Out of 33 traded securities, 1 advanced, 14 declined, and 18 remained unchanged. Omani investors were net buyers for OMR221,000 while regional investors were net sellers for OMR194,000 fol- lowed by foreign investors for OMR27,000 worth of shares.

Financial Index was down by 0.22 per cent to close at 7,359.38 points. Oman Qatar Insurance, Oman Takaful, Al Ahlia Insurance and Al Madina Investment declined by 3.33 per cent, 3.03 per cent, 1.94 per cent and 1.75 per cent, respectively.

Industry Index ended at 6,727.31 points, down by 0.11 per cent. Galfar Engineering was the only loser in the sector and was down by 1.23 per cent to close at OMR0.080. Services Index was down by 0.52 per cent to close at 2,567.46 points. Oreedoo Oman was the only gainer and was up by 0.37 per cent to close at OMR0.542. Al Maha Petroleum, Omantel and OIFC declined by 4.47 per cent, 1.60 per cent and 0.72 per cent and 0.56 per cent, respectively. -