GulfBase Live Support
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 initial listing price of Emaar Development, the property development business of the biggest United Arab Emirates (UAE) real estate company Emaar Properties, fell sharply at the start of its firs
Shares on the Muscat bourse reacted on continued weak sentiment. MSM30 index ended on a negative note to close at 5,076.92 points, down by 0.16 per cent. The MSM Sharia Index ended at 724.78 points,
Times of Oman
Over 10 small and medium-sized enterprises (SMEs) are in the pipeline to get listed on Qatar Stock Exchange’s (QSE) junior index ‘QE Venture Market’, which is designed for smaller companies, QSE anno
Emaar Properties recovered from its key support level on Tuesday, even as traders awaited for its listing of the development unit on Wednesday.
Emaar Properties hit a low of Dh7.42, the lo
Kuwait stocks pulled slightly lower on Monday extending last session’s losses. The bourse fell 4.67 pts in volatile trade to 6,257.72 points dragged by heavyweights even as the broader trend remaine