Oman's share index edges lower

08/06/2015 07:57 AST

Oman's Muscat Securities Market Index (MSM30 Index) closed at 6,454.35 points, down by 0.12 per cent on thin trading volumes. The MSM Sharia Index closed at 996.03 points, down by 0.15 per cent . Oman & Emirates Investment Holding was the most active stock in terms of volume while Bank Muscat was the most active in terms of turnover. Renaissance Services was the highest gainer on Sunday and closed up by 1.24 per cent while Oman Fisheries, which lost 3.51 per cent in value was the top loser for the day.

A total number of 359 trades were executed during the day's trading session generating turnover of OMR1.04 million with over 3.97 million shares changing hands. Out of 39 traded securities, three advanced, 14 declined and 22 remained unchanged. GCC and Arab investors were net sellers for OMR153,000 followed by foreign investors for OMR43,000 worth of shares while domestic investors were net buyers for OMR196,000 worth of stocks.

Financial Index closed at 7,835.19 points, down by 0.23 per cent. Oman Takaful was the only loser in the sector and was up by 0.85 per cent to close at OMR0.119. Al Batinah Development, Al Izz Bank, Al Madina Investment and Al Anwar Holding declined by 3.17 per cent, 2.38 per cent, 1.28 per cent and 0.80 per cent respectively.

Industrial Index closed at 8,323.38 points, down by 0.08 per cent. Oman Fisheries, National Mineral Water, Al Hassan Engineering and Al Maha Ceramics declined by 3.51 per cent, 2.94 per cent, 1.00 per cent and 0.77 per cent respectively.

Services Sector Index was down by 0.05 per cent before closing at 3,487.05 points. Renaissance Service and Sembcorp Salalah increased by 1.24 per cent and 0.20 per cent respectively. Port Services, OIFC and Omantel declined by 3.15 per cent, 0.42 per cent and 0.29 per cent respectively.

Times of Oman