Oman shares remains stable

07/07/2015 04:11 AST

Oman’s general index - MSM30 Index - remained intact and ended flat at 6,435.04 points, up by 0.01 per cent. The MSM Shariah Index closed at 990.24 points, down by 0.13 per cent.

Phoenix Power remained the most active in terms of volume, while Bank Muscat was the most active in terms of turnover. The top gainer was AlMadina Investments, up by 1.35 per cent, while Port Services, down by 5.12 per cent, was the day’s top loser.

As many as 792 trades were executed during the day's trading session generating turnover of OMR4.27 million with over 17.1 million shares changing hands. Out of 39 traded securities, six advanced, 16 declined and 17 remained unchanged. Foreign investors were net buyers for OMR982,000 followed by GCC and Arab investors for OMR281,000 while Omani investors were net sellers for OMR1.26 million worth of shares.

Financial Index ended the day at 7,796.77 points, down by 0.15 per cent. Al Madina Investments, Al Madina Takaful, NBO and Bank Muscat increased by 1.35 per cent, 1.15 per cent, 0.60 per cent and 0.36 per cent, respectively. Al Anwar Holding, Al Sharqia Investments, Bank Nizwa, Al Izz Bank and Oman United Insurance declined 1.91 per cent, 1.57 per cent, 1.35 per cent, 1.27 per cent and 1.04 per cent, respectively.

Industrial Index declined by 0.13 per cent to end at 8,327.21 points. Voltamp Energy gained by 0.47 per cent to close at OMR 0.432. Gulf International Chemicals, Al Maha Ceramics and Galfar Engineering fell by 1.28 per cent, 1.08 per cent and 0.78 per cent, respectively.

Services Sector Index continued its negative run to close at 3,441.18 points, down by 0.24 per cent. Oman Telecommunications Company, up by 0.29 per cent, was the sole sector gainer. Port Services, Renaissance Services, OIFC, Phoenix Power and Ooredoo declined by 5.12 per cent, 1.06 per cent, 0.95 per cent, 0.65 per cent and 0.52 per cent, respectively.

Times of Oman