Oman share index falls below 5,000-mar


10/08/2017 06:19 AST

Shares on the Muscat bourse reacted on selling pressure. The MSM30 Index fell by 0.23 per cent to close at 4994.34 points. The MSM Sharia Index was also down by 0.17 per cent and closed at 734.77 points. Al Madina Investment was the main gainer both in volume as well as turnover. National Aluminium, which closed higher by 2.76 per cent, was the top gainer while the top loser Gulf Investment Services closed 5.06 per cent below Tuesday's close.

During the session, a total of 252 trades were executed, generating turnover of OMR2.37 million with more than 21.46 million shares changing hands. Out of 30 traded securities, 3 advanced, 12 declined, and 16 remained unchanged. Omani Investors continued to be net sellers for OMR99,000 worth of shares while Foreign Investors were net buyers for OMR91,000 followed by GCC & Arab investors for OMR8,000 worth of shares.

Financial index down by 0.29 per cent and closed at 7468.11 points. National Bank of Oman was the only gainer and was up by 0.47 per cent to close at OMR0.214. Gulf Investment Services, Ominvest, Al Izz Islamic Bank and Al Madina Takaful declined by 5.06 per cent, 2.04 per cent, 1.33 per cent and 0.95 per cent respectively.

Industrial Index closed at 6699.92 points with loss of 0.69 per cent. National Aluminium was the only gainer in the sector and was up by 2.76 per cent to close at OMR0.149. Votlamp Energy, Oman Fisheries, Galfar Engineering and Al Anwar Ceramic declined by 2.89 per cent, 2.75 per cent, 2.70 per cent and 1.56 per cent respectively.

Services Sector Index was down 0.26 per cent and closed at 2,449.10 points. Sembcorp Salalah was the only gainer in the sector and was up by 1.34 per cent to close at OMR0.227. National Gas, Renaissance Services and Omantel fell by 3.57 per cent, 2.78 per cent and 0.44 per cent respectively.

Times of Oman
Market News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
GFH 0.46 3,578,848
QNBK 135.9 109,396
DSI 0.39 45,711,538
SABIC 98.06 2,513,945
EEC 18.03 354,774
AMLAK 1.09 12,534,009
AIRARABIA 1.12 4,055,524
Recent News

Drake & Scull to proceed with Fairmont Abu Dhabi MEP works
Drake & Scull International (DSI), a regional market leader in engineering and related services, has announced that it will proceed with the mechanical, electrical and plumbing (MEP) works for the Fa

$32bn worth urban projects 'at tendering stage in GCC'
As many as 801 construction projects with a combined estimated value of Dh117.44 billion ($32 billion) are currently in the tendering stage in the GCC's urban construction sector, according to a repo

Engie completes $762m investment in Tabreed
The National Central Cooling Company (Tabreed) has announced the successful completion of an investment of approximately Dh2.8 billion ($762.32 million) by Engie, a global energy company, to acquire

UAE Central Bank deposits top $33 billion in H1
The total value of monetary deposits at the UAE Central Bank amounted to Dh123 billion ($33.5 billion) during the first half (H1) of the year, Dh122.95 billion of which are in banknotes and Dh50 mill

Qatar sovereign wealth fund trims Credit Suisse stake
The Qatar Investment Authority has reduced its shareholding in Credit Suisse Group to 4.94 percent, amid the Middle Eastern nation’s diplomatic crisis with neighbouring countries.

The coun

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?