06/07/2015 07:36 AST
Oman’s general index - MSM30 Index - declined 0.15 per cent to close at 6,434.42 points. The MSM Sharia Index closed at 991.52 points, down by 0.20 per cent.
Phoenix Power remained the most active in terms of volume as well as turnover. The top gainer was Al Anwar Holding, up by 3.98 per cent, while Al Maha Petroleum, down by 4.11 per cent, was the day’s top loser.
As many as 1,275 trades were executed during the day's trading session generating turnover of OMR4.25 million with over 19.8 million shares changing hands. Out of 38 traded securities, 12 advanced, nine declined and 17 remained unchanged. GCC and Arab investors were net buyers for OMR77,000 followed by Omani Investors for OMR29,000 while foreign investors were net sellers for OMR106,000 worth of shares.
Financial Index ended the day at 7,808.16 points, up by 0.03 per cent. Al Anwar Holding, Al Madina Investments, Gulf Investment Services, Oman & Emirates Holding and Bank Muscat have increased by 3.98 per cent, 2.78 per cent, 2.16 per cent, 0.83 per cent and 0.36 per cent, respectively. Al Madina Takaful, HSBC Bank and Bank Nizwa declined by 2.25 per cent, 2.22 per cent and 1.33 per cent, respectively.
Industrial Index remained largely flat at 8,338.36 points, up by 0.02 per cent. Galfar Engineering, Al Hassan Engineering and Gulf International Chemicals moved up by 1.59 per cent, 1.01 per cent and 0.43 per cent, respectively. Raysut Cement, down by 1.32 per cent, was the only sector loser.
Services Sector Index had losses of 0.22 per cent to close at 3,449.32 points. Al Batinah Power, Al Suwadi Power, Phoenix Power and Oman Telecommunications Company (Omantel) gained by 2.02 per cent, 2.02 per cent, 1.97 per cent and 0.29 per cent, respectively. Al Maha Petroleum, Sembcorp Salalah, Ooredoo and OIFC declined by 4.11 per cent, 0.58 per cent, 0.52 per cent and 0.47 per cent, respectively.
Saudi Arabia's Almarai, the Gulf's largest dairy company, reported an 22.41 per cent increase in second-quarter net profit on Sunday. Almarai made a profit of 530.4 million riyals ($141.43 million)in the three months to June 30, up from 433.3 million riyals in the year-earlier period, according to a bourse statement.
Second-quarter sales growth of 11 per cent and a 442.9 million riyals gain from an insurance claim related to an earlier bakery fire helped lift results.
The dairy firm in May said its board approved a capital investment plan which will reach 21 bilion riyals ($5.6 billion) in the next five years.
Saudi Basic Industries Corporation (Sabic) said on Sunday it had completed the formation of a joint venture with Korean petrochemical manufacturer SK Global Chemical Company to produce polyethylene products.
The total investment on the new Singapore-based unit will be about $640 million for the technology and plant construction, Sabic said in a statement. The financial impact cannot be assessed yet, the petrochemical giant stated.
Sabic announced plans in May last year to operate the plant, recently completed by SK at its complex in Ulsan, South Korea, with an expected annual capacity of 230,000 tonnes.
Times of Oman
Please wait...
