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Profit taking on select stocks weighed on the MSM30 Index, which closed at 5,114.12 points, down 0.30 per cent. The MSM Sharia Index closed at 748.93 points, down 0.07 per cent. Galfar Engineering was the most active in terms of volume while Bank Muscat led in terms of turnover. Oman Flour Mills, up 3.11 per cent, was top gainer while Al Maha Ceramics was top loser, down 2.22 per cent.
A total number of 672 trades were executed on Tuesday, generating turnover of OMR2.24 million with 15.1 million shares changing hands. Out of 42 traded securities, 12 advanced, 16 declined and 14 remained unchanged. Foreign Investors were net buyers for OMR55,000 while Omani Investors switched to net sellers for OMR49,000 followed by GCC and Arab Investors for OMR6,000 worth of shares.
Financial Index declined 0.21 per cent to close at 7,467.71 points. United Finance, Bank Muscat, Taageer Finance and Ominvest increased 3.05 per cent, 1.04 per cent, 0.88 per cent and 0.44 per cent respectively. Al Batinah Development, Vision Insurance, Bank Sohar, Gulf Investment Services and Ahli Bank lost 2.17 per cent, 1.45 per cent, 1.27 per cent, 1.16 per cent and 1.14 per cent respectively.
Industrial Index ended at 6,971.63 points, up 0.53 per cent. Oman Flour Mills, Voltamp Energy, Galfar Engineering, Al Jazeera Steel and Raysut Cement gained 3.11 per cent, 2.55 per cent, 2.33 per cent, 1.57 per cent and 0.89 per cent respectively. Al Anwar Ceramics, Oman Fisheries and Al Maha Ceramics decreased 2.22 per cent, 1.75 per cent and 0.34 per cent respectively.
Services Index retreated 0.59 per cent to finish at 2,564.40 points. Sohar Power and National Gas increased 2.58 per cent and 1.05 per cent respectively. Port Services, Al Jazeera Services, Renaissance Services, Ooredoo and Phoenix Power declined 1.98 per cent, 1.89 per cent, 1.71 per cent, 1.23 per cent and 0.83 per cent respectively.
Times of Oman
Dubai index struggled to break the recent range of 2,700-2,850 as traders awaited results from Emaar Properties, the bellwether. The Dubai Financial Market General index closed 0.98 per cent lower a
Kuwait stocks trod water on Tuesday as it extended the lackluster performance from start of the week. The All Shares Index inched 1.86 pts lower to 5,101.77 points in largely tame session even as som
The MSM30 index ended lower to close at 4479.62 points, down by 0.53 per cent. MSM Sharia Index closed at 607.28 points, down by 0.41 per cent. Phoenix Power was the most active in terms of volume wh
Times of Oman
The Dubai index eased more than half a per cent on Monday, extending losses for another session, weighed by weakness of Emaar shares. The Abu Dhabi index fell nearly one per cent.
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of global trade enabler DP World, rang the market-opening bell today to celebrate the multi-currency listing on Nasdaq Dubai of four debt listings. Th
The Gulf Today