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Negative sentiments from a relatively poor set of numbers continued to drag down the MSM30 Index, which declined 1.13 per cent to end at 5,063.76 points. The MSM Sharia Index closed at 755.87 points, down 0.50 per cent. Oman Fisheries was the most active in terms of volume while Bank Muscat was leader in terms of turnover. Bank Nizwa was the top gainer, up 2.15 per cent, while the top loser was National Gas, down 8.00 per cent.
During the session, a total of 468 trades were executed, generating turnover of OMR2.18 million with more than 10.6 million shares changing hands. Out of 30 traded securities, 5 advanced, 12 declined, and 13 remained unchanged. At the session close, Omani Investors were net buyers for OMR389,000 while Foreign Investors were net sellers for OMR286,000, followed by GCC & Arab investors for OMR103,000 worth of shares.
Financial Index retreated 0.55 per cent to finish at 7,532.99 points. Bank Nizwa, Oman Orix Leasing, NBO and Al Madina Takaful gained 2.15 per cent, 1.18 per cent, 0.96 per cent and 0.89 per cent respectively. Bank Dhofar, Bank Muscat and Bank Sohar declined 3.15 per cent, 2.17 per cent and 2.01 per cent respectively.
Industrial Index closed at 6,797.76 points, down 0.55 per cent. Gulf International Chemicals, Oman Fisheries, Al Anwar Ceramics and Raysut Cement decreased 6.49 per cent, 4.35 per cent, 1.67 per cent and 0.80 per cent respectively.
Services Index had strong loss of 1.06 per cent to end at 2,553.90 points. Al Jazeera Services, up 0.66 per cent, was the sole gainer. National Gas, OIFC, Omantel, Ooredoo and Port Services lost 8.00 per cent, 3.51 per cent, 3.33 per cent, 2.13 per cent and 1.34 per cent respectively.
Times of Oman
The MSM30 index ended lower on Tuesday and closed at 4,495.69 points, down by 0.45 per cent. MSM Sharia Index closed at 622.37 points, down by 0.03 per cent. Bank Muscat was the most active in terms
Times of Oman
The UAE’s main stocks indices ended lower on Tuesday, albeit marginally, as sentiment remained sour amid concerns about emerging market stocks and currencies as well as trade tariffs.
The Dubai Financial Market (DFM) on Tuesday published a set of rules on the listing and trading of investment funds and Real Estate Investment Trusts (Reits).
The DFM said it prepared the r
The MSM30 index ended lower on Monday and closed at 4,515.94 points, down by 1.04 per cent. MSM Sharia Index closed at 622.56 points, down by 0.46 cent. Galfar Engineering was the most active in term
Times of Oman
The Abu Dhabi index was down 1.67 per cent on Monday, amid selling activity in heavyweight banking stocks, as emerging markets in Asia continued their sell-off.
The Abu Dhabi Securities Exc