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The MSM30 index ended higher on Wednesday and closed at 4593.53 points, up by 0.09 per cent. MSM Sharia Index closed at 657.18 points and up by 0.10 per cent. National Securities was the most active in terms of volume and Bank Muscat was the most active in terms of turnover. The top gainer of the day was Ooredoo, up by 1.18 per cent, while Gulf Hotels down by 9.49 per cent was the top loser of the day.
A total number of 317 trades were executed during the day's trading session generating turnover of OMR 1.8 million with more than 17.6 million shares changing hands. Out of 26 traded stocks, 2 advanced, 8 declined and 16 remained unchanged. At the session close, GCC & Arab investors were net buyers for OMR332,000 followed by Foreigners for OMR65,000 worth of shares while Omani investors were net sellers for OMR397,000 worth of shares.
Financial Index lost by 0.11 per cent to close at 7181.30 points, Al Madina Investment being the biggest loser and down by 1.96 per cent followed by Al Anwar Holding and Al Madina Takaful also down by 1.37 per cent and 0.94 per cent respectively.
Industrial Index ended on Wednesday's session at 6101.02 points, down by 0.03 per cent. Oman Fisheries was the only loser, down by 0.87 per cent.
Services Sector Index gained by 0.13 per cent to close at 2,458.20 points. Ooredoo was the top gainer, up by 1.18 per cent, followed by Renaissance services also up by 0.52 per cent. Gulf Hotels Oman was the top loser, down up 9.49 per cent, followed by Oman Investment and Finance, Al Jazeera Services and Muscat Gases; also down by 0.87 per cent, 0.64 per cent and 0.63 per cent respectively.
Times of Oman
Trading activity remained poor with Renaissance Day holiday scheduled for Monday. The MSM30 index declined 0.34 per cent to close at 4,433.06 points. The MSM Sharia Index ended at 626.47 points, down
Times of Oman
Traders resorted to renewed buying in insurance stocks such as Dar Al Takaful, Salama, Dubai Islamic Insurance & Reinsurance Co and Methaq Takaful Insurance even as the wider index traded flat on Sun
The underperforming Dubai Financial Market (DFM) General Index is caught up in a whirlwind of negative news, and there are no signs of it going away for now.
First, it was Emaar Properties’
Most S&P and Dow Jones Shariah-compliant benchmarks outperformed their conventional counterparts in Q2 and through the first half of 2018 as financials – which are largely absent from Islamic indices
Improvement was seen in trading activities in the past week as value and volume went up by 84.62 per cent and 127.1 per cent. However, the prevailing impression is caution, despite overall good resul
Oman Daily Observer