Weakness continues on Muscat bourse

12/03/2015 06:36 AST

Sustained weakness in large cap stocks drove down the MSM30 Index to 6,404.20 points, down by 0.90 per cent. The MSM Shariah Index declined by 0.12 per cent to close at 990.16 points.

Al Anwar Holding was the most active in terms of volume as well as turnover. The only gainer was Gulf Stones, up by 10 per cent, while Oman Foods International, down by 8.11 per cent, was the top loser day.

As many as 1,171 trades were executed during the day's trading session generating turnover of OMR5.39 million with more than 20.31 million shares changing hands. Out of 47 traded stocks, one advanced, 24 declined and 22 remained unchanged. Omani investors remained net buyers for OMR277,000 while GCC and Arab Investors were net sellers for OMR224,000 followed by foreign investors for OMR53,000 worth of shares.

Financial Index dropped below the 8,000 mark to close at 7,865.66 points, down by 1.71 per cent. Al Anwar Holding, Oman & Emirates Holding, Gulf Investment Services, Oman United Insurance and National Bank of Oman declined by 6.96 per cent, 5.88 per cent, 5.45 per cent, 3.43 per cent and 2.94 per cent, respectively.

Industrial Index closed at 8,565.88 points, a loss of 0.58 per cent. Gulf Stones, Gulf Stones, up by 10 per cent, was the only sector gainer. Oman Foods, Galfar Engineering, Al Jazeera Steel, Al Maha Ceramics and Gulf International Chemicals decreased by 8.11 per cent, 4.49 per cent, 2.98 per cent, 2.63 per cent and 0.75 per cent, respectively.

Services Sector Index declined by 0.57 per cent to end at 3,518.43 points. National Gas, Renaissance Services, OIFC, Port Services and Omantel fell by 3.45 per cent, 3.30 per cent, 3.08 per cent, 0.67 per cent and 0.29 per cent, respectively.

Times of Oman