MSM index ends lower

Ooredoo was the top gainer, up 2.82 per cent while the top loser was Dhofar Insurance, down 4.69 per cent

MUSCAT: The MSM30 Index closed lower for the first time in four days and ended the session at 4,684.75 points, down 0.10 per cent. The MSM Sharia Index was stable at 666.5 points. Ahli Bank was the most active in terms of volume as well as turnover. Ooredoo was the top gainer, up 2.82 per cent while the top loser was Dhofar Insurance, down 4.69 per cent.

A total number of 733 trades were executed on Tuesday, generating turnover of OMR3.18 million with 16.78 million shares changing hands. Out of 37 traded securities, 5 advanced, 17 declined and 15 remained unchanged. At the session close, GCC & Arab investors were net buyers for OMR185,000 followed by Omani Investors for OMR160,000 while Foreign Investors remained net sellers for OMR345,000 worth of shares.

Financial Index ended at 7,281.36 points, down 0.39 per cent. Oman & Emirates Investment Holding, National Life & General Insurance, and Bank Dhofar were up 1.55 per cent, 1.19 per cent, and 1.10% respectively. Dhofar Insurance, United Finance, Gulf Investment Services, Al Shariya Investments, and Bank Nizwa were down by 4.69 per cent, 4.42 per cent, 2.75 per cent, 2.29 per cent, and 2.22 per cent respectively.

Industrial Sector was down 0.43 per cent to finish at 6,306.05 points. None of the stocks from Industrial sector closed up. Oman Fisheries, Gulf International Chemicals, National Aluminium, and Galfar Engineering were down by 2.46 per cent, 1.98 per cent, 1.83 per cent, and 1.77 per cent, respectively. Services Index ended flat at 2,514.69 points. Ooredoo and National Gas were up 2.82 per cent, and 1.63 per cent respectively. Phoenix Power, OIFC, and Omantel were down 3.08 per cent, 0.83 per cent, and 0.50 per cent respectively.