Oman stock market ends higher

23/07/2014 02:25 AST

MSM 30 index closed at 7183.95 points, up by 0.03 per cent. MSM Sharia Index closed at 1069.17 points, down by 0.12 per cent. Oman & Emirates was the most active in terms of volume while Omantel was the most active in terms of turnover. DIDIC was the top gainer of the day with 3.62 per cent gain while Dhofar Cattlefeed was the top loser and closed down by 4.78 per cent.

A total number of 836 trades were executed on Tuesday's trading session generating turnover of OMR4.40 million with over10.95 million shares traded. Out of 58 traded stocks, seven advanced, 25 declined and 26 were unchanged. At the session close, GCC & Arab investors switched to net buyers for OMR94,000 followed by foreign investors for OMR43,000 while Omani investors were net sellers for OMR137,000 worth of shares.

Financial Sector Index down by 0.11 per cent at 8753.31 points. DIDIC, Ominvest and Taageer Finance increased by 3.62 per cent, 2.93 per cent and 2.74 per cent respectively. HSBC Bank Oman, ONIC Holding, Financial Services and Oman& Emirates declined by 3.45 per cent, 2.10 per cent, 1.82 per cent and 1.73 per cent respectively.

The Industrial Sector Index was down by 0.11 per cent at 10035.88 points. Dhofar Cattlefeed, Al Hassan Engineering, Oman Cement and Al Jazeera Steel Product declined by 4.78 per cent, 1.32 per cent, 1.06 per cent and 0.48 per cent respectively. Services Sector Index was marginally up by 0.02 per cent at 3666.42 points. Sembcorp Salalah, Al Batinah Power, Al Suwadi Power and Oman Telecom increased by 0.70 per cent, 0.60 per cent, 0.59 per cent and 0.59 per cent respectively. Al Jazeira Services, ACWA Power Barka and Oman Oil Marketing declined by 3.74 per cent, 0.55 per cent and 0.22 per cent respectively.

Times of Oman