MSM 30 Index ends on flat note

25/12/2013 09:57 AST

MSM 30 Index ended on a flat note and closed at 6798.99 points, marginally up by 0.08 per cent. MSM Shariah Index also gained 0.10 per cent at 1090.93 points. Gulf Investment Services was the most active in terms of volume as well as turnover. Financial Corporation was the top gainer and closed up by 4.55 per cent, while Bank Nizwa was the top loser and declined by 0.97 per cent.

Altogether 1,003 trades were executed in Tuesday's session generating a turnover of OMR6.24 million with over 20.13 million shares traded. Out of 50 traded stocks, 16 advanced, 7 declined and 27 were unchanged.

GCC and Arab investors were net buyers to the tune of OMR123,000. Foreign investors, who were net sellers, sold shares amounting to OMR62,000, followed by Omani investors at OMR61,000.

Financial Sector Index was up by 0.04 per cent at 8149.91 points. Financial Corporation, Oman& Emirates, Gulf Investment Services, Al Sharqiya Investment and Al Madina Takaful increased by 4.55 per cent, 1.09 per cent, 1.02 per cent, 0.78 per cent and 0.74 per cent respectively. Bank Nizwa, Alizz Islamic Bank, United Finance and Oman United Insurance declined by 0.97 per cent, 0.92 per cent, 0.67 per cent and 0.51 per cent respectively.

The Industrial Sector Index up by 0.17 per cent at 10333.78 points. Oman Flour Mills, Al Anwar Ceramic, Gulf International Chemicals, Galfar Engineering and Jazeera Steel Product increased by 1.31 per cent 1.05 per cent 0.94 per cent 0.73 per cent and 0.61 per cent respectively. Oman Cables was the only loser and was down by 0.46 per cent to close at OMR2.16.

Services Sector Index marginally up by 0.01 per cent and closed at 3642.27 points. OIFC, Nawras and Sembcorp Salalah increased by 0.36 per cent, 0.34 per cent and 0.27 per cent respectively. Sharqiyah Desalination and Renaissance Services declined by 0.82 per cent and 0.55 per cent respectively.

Times of Oman