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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 most active in terms of volume while Rennaisance Services was the most active in terms of turnover. The top gainer of the day was Ooredoo, up by 1.57 per cent, while Oman and Emirates Investment Holding, down by 4 per cent, was the top loser of the day.
A total number of 405 trades were executed during the day's trading session generating turnover of OMR2.18 million with more than 8.90 million shares changing hands. Out of 35 traded stocks, 5 advanced, 14 declined and 16 remained unchanged. At the session close, GCC & Arab investors were net sellers for OMR261,000 worth of shares followed by the Foreign Investors for OMR221,000, while Omani investors were net buyers for OMR482,000 worth of shares.
Financial Index lost 0.76 per cent to close at 7149.06 points. Muscat Finance and Bank Muscat were up by 1.14 per cent and 0.53 per cent respectively. Oman and Emirates Investment Holding, Al Anwar Holding, Bank Nizwa, Al Madina Takaful, and Bank Dhofar were down by 4 per cent, 2.74 per cent, 2.17 per cent, 1.9 per cent, and 1.16 per cent respectively.
Industrial Index lost by 0.34 per cent to close at 6096.30 points. Oman Flour Mills was the only gainer and was up by 1.55 per cent. Al Jazeera Steel Products, Oman Fisheries and Raysut Cement were down by 2.56 per cent, 1.75 per cent and 1.67 per cent respectively.
Services Sector Index gained by 0.02 per cent to close at 2,460.99 points. Ooredoo and Renaissance Services were up by 1.57 per cent and 1.52 per cent respectively. Al Suwadi Power, National Gas, Oman Telecommunication and Oman Investment and Finance were down by 1.72 per cent, 1.71 per cent, 1.06 per cent and 0.88 per cent respectively.
Times of Oman
The Dubai Financial Market General Index (DFMGI) dropped by 47.1 or 1.67 per cent last week to close at 2,778.76, the largest decline in 13 weeks. Market breadth was also bearish with 27 issues decli
Boursa Kuwait announced on Saturday it would begin on Sunday effecting Over the Counter Market (OTC) regulations and trading in this off-exchange system at the national stock exchange.
Boursa Kuwait announced Saturday the introduction of an Over the Counter Market (OTC). The new market will serve as a trading platform for companies that are not listed on Boursa Kuwait.
First Abu Dhabi Bank (FAB) surged with aggressive volumes even as the Abu Dhabi index jumped more than a per cent to breach the keenly watched level of 5,000 level on Wednesday.
The Abu Dh
Boursa Kuwait said it was committed to application of governance in compliance with regulations of Capital Market Authority (CMA), and to meet needs of traders. Boursa Kuwait has a duty to establishi