MSM index ends lower

The top gainer was Dhofar Cattle Feed which closed higher by 9.57% while top loser was Renaissance Services which closed lower 3.23%.

MUSCAT: MSM stocks witnessed profit taking and the benchmark index closed lower by 0.20% at 3,979.86 points.

The Shariah index closed down 0.17% at 534.19 points. Dhofar Cattle Feed, up 9.57%, was the top gainer. Renaissance Services, down 3.23%, was the top loser. OIFC was the most active in terms of number of shares traded as well as in terms of turnover.

A total number of 366 trades were executed during the day’s trading session generating turnover of OMR 814,000 with more than 6.6 million shares changing hands. Out of 30 traded stocks, 6 advanced, 9 declined and 15 remained unchanged. At the session close, foreign investors were net sellers for OMR 125,000 while domestic Investors were net buyers for OMR 114,000 followed by GCC and Arab investors for OMR 12,000 worth of shares.

Financial index closed at 6,554.70 points, down 0.01%. Ominvest, HSBC Bank Oman, and Bank Muscat were up by 1.81%, 0.78%, and 0.45% respectively. Bank Dhofar, AL Madina Takaful, Al Anwar Holding, and Sohar International Bank were down by 2.08%, 1.20%, 1.10%, and 0.87% respectively.

Industrial index closed at 4,455.95 points, down 0.08%. Dhofar Cattle feed and Raysut Cement were up 9.57% and 0.57% respectively. Al Anwar Ceramic Tiles was down 1.02% before closing at OMR 0.097.

Services index closed lower by 0.14% at 1,871.06 points. Phoenix Power closed higher by 3.75%. Renaissance Services, Al Suwadi Power, OIFC, and Omantel were down 3.23%, 2.86%, 2.63%, and 1.03% respectively.