Oman stocks continue long gaining streak

20/01/2015 06:42 AST

MSM30 Index continued its rally and closed at 6,655.27 points, up by 0.97 per cent. On the other hand, MSM Shariah index advanced strongly by 1.31 per cent to close at 989.98 points.

Al Anwar Holding was the most active in terms of volume as well as turnover. Al Batinah Development & Investment Holding, up by 9.66 per cent, was the top gainer, while Oman & Emirates Holding, down by 3.62 per cent, lost the most.

Altogether 2,157 trades were executed in the day's session generating a turnover of OMR8.9 million with more than 27.6 million shares changing hands. Out of 54 traded stocks, 29 advanced, 10 declined and 15 remained unchanged. GCC and Arab investors were net buyers to the tune of OMR122,000 worth of shares, while Omani investors were net sellers at OMR102,000 followed by foreign investors who sold stocks amounting to OMR20,000.

Financial Index increased by 0.31 per cent to close at 8,130.25 points. Al Batinah Development & Investment Holding, National Securities, Al Sharqia Investments, ONIC Holding and Al Madina Investments increased by 9.66 per cent, 7.50 per cent, 4.71 per cent, 4.17 per cent and 2.74 per cent respectively. Oman & Emirates Holding, Bank Sohar, Global Finance & Investments, Bank Nizwa and HSBC Bank Oman decreased by 3.62 per cent, 2.49 per cent, 1.71 per cent, 1.22 per cent and 0.68 per cent respectively.

Industrial Index closed at 8,595.49 points, up by 0.65 per cent. Raysut Cement, Al Maha Ceramics, National Aluminium Products, Al Hassan Engineering and Oman Fisheries increased by 5.88 per cent, 4.21 per cent, 3.07 per cent, 1.87 per cent and 1.47 per cent respectively. Al Anwar Ceramics and Voltamp Energy decreased by 1.29 per cent and 1.03 per cent respectively.

Services Sector Index ended the day's session at 3,610.59 points, up by 0.92 per cent. Ooredoo, Al Jazeera Services, National Gas, Omantel and Al Suwadi Power increased by 4.19 per cent, 3.57 per cent, 2.42 per cent, 1.99 per cent and 1.72 per cent respectively. Sharqiyah Desalination and Renaissance Services decreased by 1.56 per cent and 0.39 per cent respectively.

Times of Oman