GulfBase Live Support
MSM 30 index ended on a flat note at 7182.02 points, down by 0.09 per cent. MSM Shariah Index also declined marginally by 0.08 per cent at 1069.17 points.
Global Financial Investment was the most active in terms of volume as well as turnover. Bank Nizwa was the top gainer of the day with 1.22 per cent gain, while Al Madina Takaful was the top loser and closed down by 3.13 per cent.
Altogether 836 trades were executed on Monday's session generating a turnover of OMR6.58 million with over 28.23 million shares traded. Out of 58 traded stocks, 7 advanced, 25 declined and 26 were unchanged. At the session close, foreign investors were net buyers to the tune of OMR433,000 worth of shares, while Omani investors were net sellers at OMR338,000. Arab and GCC investors shares amounting to OMR95,000.
Financial Sector Index remains unchanged at 8762.87 points. Bank Nizwa, Ominvest and DIDIC increased by 1.22 per cent, 0.99 per cent and 0.36 per cent respectively. Al Madina Takaful, Al Sharqiya Investment, DBIH and Gul Investment Services declined by 3.13 per cent, 2.19 per cent, 1.91 per cent and 1.11 per cent respectively.
The Industrial Sector Index was down by 0.43 per cent at 10053.47 points. Oman Fisheries and Oman Cables increased by 1.10 per cent and 0.38 per cent respectively. Al Hassan Engineering, National Aluminium, Galfar Engineering and Gulf International Chemicals declined by 1.94 per cent,1.60 per cent ,1.54 per cent and 1.25 per cent respectively.
Services Sector Index was down by 0.15 per cent at 3665.57 points. Omantel and OIFC increased by 0.59 per cent and 0.38 per cent respectively. Renaissance Services, Sohar Power, Al Batinah Power and Al Suwadi Power declined by 1.29 per cent, 1.07 per cent, 0.59 per cent and 0.59 per cent respectively.
Times of Oman
The stock markets in the UAE and GCC were in a tug-of-war state as investors weighed positive news on the economic front and a ‘catastrophic’ overnight explosion in Lebanon that killed at least 100.<
GCC equity markets staged a strong recovery in the latter part of 2Q20, reversing a large part of the prior losses induced by the coronavirus and its associated lockdowns and restrictions. The recove
The MSM 30 Index closed the week up by 0.12 per cent despite lower volume and turnover as compared to the previous week. Shariah index was down by 0.07 per cent. The turnover and volumes were lower t
Oman Daily Observer
Abu Dhabi Securities Exchange (ADX) announced on Tuesday that it has listed $4 billion Fixed Rate Notes issued by MDGH GMTN B.V. and guaranteed by Mamoura Diversified Global Holding (MDGH).
The Gulf Today
Leading UAE banks have come to the bond market, and they are getting a warm response. Sharjah Islamic Bank priced its $500 million 5-year sukuk at LIBOR plus 285 bps, and received more than $3.4 bil