Shares on the Muscat bourse reacted with the MSM30 Index ending on a negative note at 5,423.17 points, down by 0.17 per cent. The MSM Sharia Index gained 0.17 per cent to close at 790.99 points. Al Madina Takaful remained the most active in terms of volume and turnover. Oman Orix Leasing remained the top gainer, up by 9.09 per cent while Al Hassan Engineering was the top loser, down by 4 per cent.
A total number of 1,052 trades were executed on Wednesday, generating a turnover of OMR4.5 million with 31.67 million shares changing hands. Out of 40 traded securities, 8 advanced, 11 declined, and 21 remained unchanged. At the session close, Omani Investors switched to net buyers for OMR181,000 followed by GCC & Arab Investors for OMR84,000 while Foreign Investors were net sellers for OMR265,000 worth of shares.
Financial Index gained 0.10 per cent to close at 8,010.23 points. Oman Orix Leasing, Al Madina Takaful, Al Madina Investments, Al Izz Bank and Al Sharqia Investments gained 9.09 per cent, 7.62 per cent, 3.08 per cent, 2.74 per cent and 0.87 per cent respectively. United Finance, Bank Nizwa, Gulf Investment Services, HSBC Bank and Oman United Insurance declined 1.53 per cent, 1.09 per cent, 0.98 per cent, 0.75 per cent and 0.56 per cent respectively.
Industrial Index closed at 7,352.94 points, up 0.16 per cent. Oman Fisheries gained 4.20 per cent to close at 0.149. Al Hassan Engineering, Voltamp Energy and Al Anwar Ceramics lost 4.00 per cent, 0.88 per cent and 0.68 per cent respectively.
Services Index declined 0.10 per cent to end at 2,766.34 points. Port Services, up 0.44 per cent was the only sector gainer. OIFC, Ooredoo and Omantel decreased 0.99 per cent, 0.79 per cent and 0.39 per cent respectively.
Times of Oman
The CMA has issued its resolution approving the prospectus of Arabian Waterproofing Industries Company and the initial public offering of (8,189,994) shares representing (30%) of the Company’s share
A smart recovery was witnessed on the Muscat bourse after retail investors entered the market to purchase blue chip stocks.
Also, strong movement in telecom and banking stocks lifted the M
Times of Oman
The UAE markets continued to remain sluggish on Wednesday awaiting fresh triggers, but maintained their overall positive outlook.
Traded value dwindled to Dh162 million, down from an average
Shares on the Muscat bourse recovered on better support from local investors. The benchmark MSM30 Index increased and closed at 4,997.53 points on Tuesday, higher by 0.21 per cent. The MSM Sharia Ind
Times of Oman
Qatar’s stock index came slightly off a five-year low yesterday as local funds intensified their buying of those shares, snapping the 11-straight sessions of losses.r> Local investors have been net