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The MSM30 index fell by 0.36 per cent to close at 4579.24 points. MSM Sharia index closed at 657.01 points, up by 0.75 per cent. Bank Nizwa was the most active in terms of volume while Bank Muscat was the most active in terms of turnover. The top gainer of the day was Jazeera Services, up by 3.87 per cent while Raysut Cement, down by 8.67 per cent was the top loser of the day.
A total number of 306 trades were executed during the day's trading session generating turnover of OMR1.31 million with more than 6.76 million shares changing hands. Out of 27 traded stocks, 7 advanced, 5 declined and 15 remained unchanged. At the session close, Oman investors were net buyers for OMR533,000 while GCC& Arab investors were net sellers for OMR338,000 followed by Foreign investors for OMR195,000 worth of shares.
Financial Index gained by 0.21 per cent to close at 7207.35 points. Gulf Investment Services, Al Madina Takaful, Al Sharqiya Investment and Bank Muscat gained by 1.94 per cent, 1.83 per cent, 1.67 per cent and 0.53 per cent respectively. National Life and General Insurance was the only loser and was down by 3.53 per cent to close at OMR0.328.
Industrial Index ended Tuesday's session at 6140.08 points, down by 0.59 per cent. Galfar Engineering and Oman Fisheries gained by 2.86 per cent and 0.87 per cent respectively. Raysut Cement and Oman Cement declined by 8.67 per cent and 0.56 per cent respectively.
Services Sector Index fell by 0.24 per cent to close at 2,470.73 points. Al Jazeera Services was the only gainer and was up by 3.87 per cent to close at OMR0.161. Phoenix Power and Omantel fell by 2.44 per cent and 0.55 per cent respectively.
Times of Oman
Saudi insurance stocks surged on Sunday, with investors expecting the sector to reap significant dividends following the lifting of the ban on female drivers.
Insurance stocks — one of the
The MSM30 index ended lower on Sunday and closed at 4593.87 points, down by 0.36 per cent. MSM Sharia Index closed at 658.87 points, down by 0.12 per cent. Galfar Engineering and construction was the
Times of Oman
Saudi Arabia’s Tadawul index jumped on Sunday after the MSCI said it would add the kingdom to its emerging market index, a move that is expected to attract billions of dollars in funds.
Khalid Al-Hussan seemed to be enjoying himself last Thursday at the Riyadh headquarters of Tadawul, the Saudi Arabia stock exchange, of which he is chief executive. In fact, a quiet smile of satisfac
Last week the Dubai Financial Market General Index (DFMGI) got hit hard, falling 110.06 or 3.62 per cent to end at 2,928.17. That’s its largest one-week decline since early November 2017. Weakness wa