MSM index ends lower
Majan College was the only gainer, up 1.36 per cent while the top loser was Salalah Mills, down 19.17 per cent
MUSCAT: Sentiment remained weak in the region and the MSM30 Index retreated 0.66 per cent to close at 4,653.78 points. The MSM Sharia Index ended at 663.00 points, down 0.53 per cent. Sembcorp Salalah was the most active in terms of volume while Bank Muscat led in terms of turnover. Majan College was the only gainer, up 1.36 per cent while the top loser was Salalah Mills, down 19.17 per cent.
A total number of 418 trades were executed on Wednesday, generating turnover of OMR2.25 million with 9.38 million shares changing hands. Out of 40 traded securities, 1 advanced, 20 declined and 19 remained unchanged. At the session close, GCC & Arab investors were net buyers for OMR121,000 followed by Omani Investors for OMR67,000 while Foreign Investors remained net sellers for OMR188,000 worth of shares.
Financial Index lost 0.58 per cent to finish at 7,238.81 points. Dhofar Insurance, United Finance, Al Sharqia Investments, Bank Nizwa and Gulf Investment Services declined 3.28 per cent, 2.78 per cent, 2.34 per cent, 2.27 per cent and 1.89 per cent respectively. Industrial Sector retreated 0.63 per cent to close at 6,266.29 points. Salalah Mills, Voltamp Energy, National Aluminium, Galfar Engineering and Oman Fisheries decreased 19.17 per cent, 4.14 per cent, 2.48 per cent, 1.80 per cent and 0.84 per cent respectively.
Services Index ended at 2,502.44 points, down 0.49 per cent. Majan College, up 1.36 per cent, was the only gainer in the MSM. Oman Oil Marketing, Ooredoo, OIFC, Phoenix Power and Al Jazeera Services lost 3.57 per cent, 2.35 per cent, 1.68 per cent, 0.79 per cent, and 0.62 per cent respectively.