Profit-booking pulls down Muscat bourse index

29/10/2015 08:20 AST

Profit-booking on the Muscat bourse pulled down shares. The MSM 30 Index marginally closed lower at 5,933.26 points, down by 0.08 per cent. The MSM Sharia Index down by 0.20 per cent to close at 911.85 points.

Bank Nizwa led in terms of volume while Bank Muscat was the most active in terms of turnover. Wednesday’s top gainer was Oman Textile Holding, up by 5.14 per cent, while Al Hassan Engineering was the day’s top loser, down by 5.49 per cent.

As many as 612 trades were executed during today’s trading session generating turnover of OMR2.27 million with 11.59 million shares changing hands. Out of 39 traded securities, 3 advanced, 14 declined and 22 remained unchanged. GCC and Arab investors were net buyers for OMR58,000 while foreign investors were net sellers for OMR42,000 followed by OMR15,000 worth of shares.

Financial Index declined by 0.08 per cent to close at 7,306.04 points. Al Izz Bank, Oman United Insurance, United Finance and Bank Nizwa declined by 2.60 per cent, 1.92 per cent, 1.54 per cent and 1.23 per cent, respectively.

Industrial Index ended at 7,320.66 points, down by 0.24 per cent. National Alumnium increased by 0.43 per cent to close at OMR0.230. Al Hassan Engineering, Oman Fisheries, Oman Cement and Voltamp Energy declined by 5.49 per cent, 1.72 per cent, 1.33 per cent and 0.45 per cent, respectively.

Services Index declined by 0.02 per cent to close at 3,279.61 points. Oreedoo Oman was the only gainer to close at OMR0.764. Port Services, Phoenix Power and OIFC declined by 1.84 per cent, 0.66 per cent and 0.54 per cent, respectively.

Times of Oman