MSM index ends higher

The top gainer was United Finance, which ended higher by 8.62%, while Al Hassan Engineering, was top loser, down by 6.98%.

MUSCAT: Shares on the Muscat Securities Market (MSM) recovered on better support at lower levels. The benchmark MSM30 Index ended on a positive note at 5,050.54 points, up 0.19 per cent. The MSM Sharia Index declined 0.06 per cent to close at 709.08 points. Galfar Engineering was the most active in terms of volume while Omantel led in terms of turnover. Tuesday’s top gainer was United Finance which ended higher by 8.62 per cent, while Al Hassan Engineering, lower by 6.98 per cent, was the top loser.

A total number of 488 trades were executed, generating a turnover of OMR1.79 million with 9.13 million shares changing hands. Out of 35 traded securities, 9 advanced, 6 declined, and 20 remained unchanged. At the end of the trading session, Foreign investors were net buyers for OMR226,000 while Omani investors were net sellers for OMR142,000 followed by GCC & Arab investors for OMR84,000 worth of shares.

Financial Index gained 0.26 per cent to end at 7,369.23 points. United Finance, Bank Muscat, Al Sharqia Investment, Muscat Finance and Taageer Finance in- creased by 8.62 per cent, 1.53 per cent, 0.95 per cent, 0.92 per cent and 0.86 per cent respectively. Al Izz Bank, down 1.56 per cent was the only sector loser.

Industry Index closed at 6,776.29 points, up by 0.20 per cent. Galfar Engineering, Oman Fisheries and Gulf International Chemicals gained 2.60 per cent, 0.68 per cent and 0.45 per cent respectively. Al Hassan Engineering ended at OMR0.040, down by 6.98 per cent.

Services Index ended at 2,573.12 points, up by 0.12 per cent. Renaissance Services, up 0.72 per cent, remained the sole gainer. SMN Power, Oman Oil Marketing, OIFC and Ooredoo decreased 4.62 per cent, 2.67 per cent, 0.71 per cent and 0.38 per cent respectively. —