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The MSM30 index ended lower on Monday and closed at 4,381.92 points, down by 0.55 per cent. MSM Sharia Index closed at 605.47 points, down by 0.07 per cent. Bank Nizwa was the most active in terms of volume and in terms of turnover. The top gainer of the day was Alizz Islamic Bank, up by 1.23 per cent. The top loser was Al Hassan Engineering, which closed lower by 27.91 per cent.
A total number of 278 trades were executed during the day's trading session generating turnover of OMR3.63 million with more than 32.84 million shares changing hands. Out of 32 traded stocks, 3 advanced, 17 declined and 12 remained unchanged. At the session close, Omani investors were net buyers for OMR111,000 worth of shares followed by the foreign investors for OMR3,000, while GCC & Arab investors were net sellers for OMR115,000 worth of shares.
Financial Index lost 0.41 per cent to close at 6,821.78 points. Alizz Islamic Bank, Bank Nizwa and HSBC Bank were up by 1.23 per cent, 1.19 per cent and 0.85 per cent respectively. Al Anwar Holding, Oman Qatar Insurance, Bank Sohar, Ahli Bank and National Bank Of Oman were down by 2.75 per cent, 2.65 per cent, 2.24 per cent, 1.88 per cent and 1.07 per cent respectively.
Industrial Index lost 0.48 per cent to close at 5,486.83 points. There were no gainers on Monday. Al Anwar Ceramic Tiles, Galfar Engineering, Oman Fisheries and Voltamp Energy were down by 3.23 per cent, 1.98 per cent, 1.18 per cent and 0.83 per cent respectively.
Services Sector Index lost 0.37% to close at 2,371.17 points. There were no gainers. National Gas, Al Suwadi Power, Muscat City Desalination, Ooredoo and Al Batinah Power were down by 1.84 per cent, 1.72 per cent, 1.49 per cent, 1.19 per cent and 0.86 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