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The MSM30 Index declined 0.62 per cent to close at 4,875.42 points. The MSM Sharia Index ended at 691.14 points, down 0.74 per cent. Bank Muscat was the most active in terms of volume as well as turnover. Al Madina Investment was the top gainer, up 1.82 per cent, while National Aluminium was the day’s top loser, down 3.85 per cent.
A total number of 513 trades were executed on Monday, generating turnover of OMR1.77 million with 7.18 million shares changing hands. Out of 45 traded securities, 2 advanced, 22 declined and 21 remained unchanged. At the session close, Omani investors switched to net buyers for OMR127,000 while GCC & Arab investors were net sellers for OMR110,000 followed by Foreign investors for OMR17,000 worth of shares.
Financial Index closed at 7,281.02 points, down 0.51 per cent. Al Madina Investment and Oman Cement gained 1.82 per cent and 0.51 per cent respectively. Al Sharqia Investment, Oman & Emirates Holding, Al Madina Takaful, HSBC Bank Oman and Muscat Finance declined 3.51 per cent, 3.48 per cent, 2.17 per cent, 1.82 per cent and 1.79 per cent respectively.
Industrial Index declined 0.68 per cent to end at 6,711.60 points. National Aluminium, Al Maha Ceramics, Al Anwar Ceramics, Galfar Engineering and Oman Flour Mills decreased 3.85 per cent, 1.68 per cent, 1.57 per cent, 1.18 per cent and 1.09 per cent respectively.
Services Index ended at 2,563.41 points, down 0.65 per cent. Ooredoo, Al Jazeera Services, MCDC, Omantel and Al Suwadi Power declined 2.92 per cent, 2.30 per cent, 1.91 per cent, 1.60 per cent and 1.43 per cent respectively.
Times of Oman
The topic of sukuk standards is an important but sometimes divisive one in Islamic capital markets, and is a constant source of debate between the industry's many key stakeholders.
Qatar on Wednesday witnessed the launch of the world's largest single country Islamic exchange traded fund (ETF), which is increasingly seeking investors from Asia, Europe and the US.
The MSM30 Index recovered 0.30 per cent to close at 4,796.23 points. The MSM Sharia Index ended at 678.30 points, up 0.09 per cent. Galfar Engineering was the most active in terms of volume as well a
Times of Oman
The Dubai index moved higher on Wednesday, boosted by the announcement of a joint venture between Emaar Properties and Aldar Properties. The Dubai Financial Market (DFM) General Index closed 0.75 per
The Muscat Securities Market (MSM) declined 6.2 per cent YTD as the benchmark MSM 30 index plummeted to 4,781.9 points – a level last seen in April 2009. The decline effectively wiped out cumulativel
Oman Daily Observer