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The MSM30 index ended lower on Sunday and closed at 4,406.35 points, down by 0.56 per cent. MSM Sharia Index closed at 605.87 points, down by 0.31 per cent. Al Anwar Holding was the most active in terms of volume while Phoenix Power was most active in terms of turnover. There were no gainers on Sunday. The top loser was Oman And Emirates Inv. Holding, which closed lower by 3.64 per cent.
A total number of 212 trades were executed during the day's trading session generating turnover of OMR303,000 with more than 2.59 million shares changing hands. Out of 27 traded stocks, 13 declined and 14 remained unchanged. At the session close, Foreign investors were net sellers for OMR8,000 worth of shares followed by the GCC & Arab investors for OMR71,000, while Omani investors were net buyers for OMR80,000 worth of shares.
Financial Index lost 0.44 per cent to close at 6,849.59 points. There were no gainers. Oman And Emirates Inv. Holding, Al Sharqia Investment Holding, Bank Dhofar, Muscat Finance and Gulf Investment Services were down by 3.64 per cent, 3.03 per cent, 2.41 per cent, 2.25 per cent and 2.22 per cent respectively.
Industrial Index lost 0.47 per cent to close at 5,513.24 points. There were no gainers. Oman Fisheries, Al Anwar Ceramic Tiles, Galfar Engineering and Oman Cement were down by 2.3 per cent, 2.11 per cent, 0.98 per cent and 0.53 per cent respectively.
Services Sector Index lost 0.35 per cent to close at 2,380.07 points. There were no gainers. Al Jazeera Services, Omantel and OIFC were down by 2.65 per cent, 2.59 per cent and 1.02 per cent respectively.
Times of Oman
The stock markets in the UAE and GCC were in a tug-of-war state as investors weighed positive news on the economic front and a ‘catastrophic’ overnight explosion in Lebanon that killed at least 100.<
GCC equity markets staged a strong recovery in the latter part of 2Q20, reversing a large part of the prior losses induced by the coronavirus and its associated lockdowns and restrictions. The recove
The MSM 30 Index closed the week up by 0.12 per cent despite lower volume and turnover as compared to the previous week. Shariah index was down by 0.07 per cent. The turnover and volumes were lower t
Oman Daily Observer
Abu Dhabi Securities Exchange (ADX) announced on Tuesday that it has listed $4 billion Fixed Rate Notes issued by MDGH GMTN B.V. and guaranteed by Mamoura Diversified Global Holding (MDGH).
The Gulf Today
Leading UAE banks have come to the bond market, and they are getting a warm response. Sharjah Islamic Bank priced its $500 million 5-year sukuk at LIBOR plus 285 bps, and received more than $3.4 bil