Muscat shares edge up

02/11/2015 07:51 AST

Shares on the Muscat bourse edged up on better buying support at lower levels. The MSM 30 Index closed at 5,948.14 points, up by 0.34 per cent. The MSM Sharia Index marginally down by 0.08 per cent to close at 912.05 points.

SMN Power led in terms of volume as well as turnover. Sunday’s top gainer was National Bank of Oman, up by 7.33 per cent, while Bank Nizwa was the day’s top loser, down by 2.50 per cent.

As many as 450 trades were executed during the trading session generating turnover of OMR3.86 million with 9.39 million shares changing hands. Out of 37 traded securities, three advanced, 14 declined and 20 remained unchanged.

Omani investors were net buyers for OMR597,000, while foreign investors were net sellers for OMR458,000 followed by GCC and Arab investors for OMR139,000 worth of shares.

Financial Index increased by 0.24 per cent to close at 7,316.21 points. National Bank of Oman was the only gainer and was up by 7.33 per cent to close at OMR0.322. Bank Nizwa, Al Anwar Holding, HSBC Bank Oman and Al Madina Investment declined by 2.50 per cent, 2.15 per cent, 1.65 per cent and 1.64 per cent, respectively.

Industrial Index ended at 7,327.66 points, marginally declined by 0.08 per cent. National Aluminium was the only gainer and was up by 0.87 per cent to close at OMR0.233. Oman Fisheries, Al Maha Ceramics and Oman Textile Holding fell by 1.75 per cent, 0.87 per cent and 0.54 per cent, respectively.

Services Index declined by 0.10 per cent to close at 3,274.61 points. SMN Power was the only gainer in the sector and was up by 1.06 per cent to close at OMR0.760. Renaissance Services and ACWA Power Barka declined by 1.14 per cent and 0.49 per cent respectively.

Times of Oman