16/10/2014 05:44 AST
The MSM 30 index registered its fourth straight day of losses post Eid holidays and closed at 7,103.77 points, down by 0.88 per cent. The MSM Shariah index also closed down at 1,059.69 points, a fall of 0.56 per cent.
Bank Muscat was the most active in terms of volume as well as turnover. Al Suwadi Power was the top gainer, up by 1.12 per cent while Al Sharqia Investments, which declined by 6.04 per cent, lost the most.
Altogether 1,435 trades were executed during the session generating a turnover of OMR9.31 million with 21.05 million shares changing hands. Out of 49 traded stocks, 3 advanced, 27 declined and 19 remained unchanged. At the close of the session, foreign investors remained net buyers to the tune of OMR1.98 million followed by GCC & Arab investors at 218,000, while Omani investors sold shares amounting to OMR2.2 million.
The financial Index continued on its bearish trend to close at 8,576.04 points, down by 0.79 per cent. Al Sharqia Investments, Gulf Investment Services, Al Izz Islamic Bank, Al Madina Investments and ONIC Holding declined by 6.04 per cent, 4.23 per cent, 4.08 per cent, 3.80 per cent and 3.63 per cent respectively.
Industrial Index dropped the most to end the day at 9,905.14 points, down by 0.49 per cent. Galfar Engineering, Oman Cables, Dhofar Cattlefeed, Al Hassan Engineering and Gulf Mushroom declined by 4.50 per cent, 4.15 per cent, 3.61 per cent, 2.33 per cent and 1.92 per cent respectively.
Services Sector Index closed at 3,702.75 points, down by 0.33 per cent. Al Suwadi Power, Al Batinah Power and Sembcorp Salalah increased by 1.12 per cent, 0.56 per cent, and 0.44 per cent respectively. Sharqiyah Desalination, Port Services, OIFC, Renaissance Services and Omantel declined by 4.21 per cent, 3.59 per cent, 2.18 per cent, 1.22 per cent and 0.91 per cent respectively.
Times of Oman
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