Welcome to GulfBase Live Support
Shares on the Muscat bourse reacted on selling pressure. The MSM30 Index fell by 0.23 per cent to close at 4994.34 points. The MSM Sharia Index was also down by 0.17 per cent and closed at 734.77 points. Al Madina Investment was the main gainer both in volume as well as turnover. National Aluminium, which closed higher by 2.76 per cent, was the top gainer while the top loser Gulf Investment Services closed 5.06 per cent below Tuesday's close.
During the session, a total of 252 trades were executed, generating turnover of OMR2.37 million with more than 21.46 million shares changing hands. Out of 30 traded securities, 3 advanced, 12 declined, and 16 remained unchanged. Omani Investors continued to be net sellers for OMR99,000 worth of shares while Foreign Investors were net buyers for OMR91,000 followed by GCC & Arab investors for OMR8,000 worth of shares.
Financial index down by 0.29 per cent and closed at 7468.11 points. National Bank of Oman was the only gainer and was up by 0.47 per cent to close at OMR0.214. Gulf Investment Services, Ominvest, Al Izz Islamic Bank and Al Madina Takaful declined by 5.06 per cent, 2.04 per cent, 1.33 per cent and 0.95 per cent respectively.
Industrial Index closed at 6699.92 points with loss of 0.69 per cent. National Aluminium was the only gainer in the sector and was up by 2.76 per cent to close at OMR0.149. Votlamp Energy, Oman Fisheries, Galfar Engineering and Al Anwar Ceramic declined by 2.89 per cent, 2.75 per cent, 2.70 per cent and 1.56 per cent respectively.
Services Sector Index was down 0.26 per cent and closed at 2,449.10 points. Sembcorp Salalah was the only gainer in the sector and was up by 1.34 per cent to close at OMR0.227. National Gas, Renaissance Services and Omantel fell by 3.57 per cent, 2.78 per cent and 0.44 per cent respectively.
Times of Oman
Strong buying on the last day was of no avail to the Qatar Stock Exchange, which settled 170 points lower last week that saw Doha outline its ‘positive” economic outlook before the International Mone
The Qatar Stock Exchange snapped four days of bearish spell, mainly on the back of strong buying in insurance, real estate and transport equities.
Local retail investors and Gulf instituti
Abu Dhabi National Oil Co. plans to sell shares in its gas stations unit this year and list them on Abu Dhabi’s stock exchange, according to a person with knowledge of the matter.
It was green almost across the board on the Dubai bourse on Thursday, with stocks recording modest gains and the main index ending the day 0.75 per cent higher.
Trade values were also higher
The introduction of technical short-selling in Abu Dhabi Securities Exchange (ADX) will help to attract more institutional investors, boost liquidity and bring the market more in line with internatio