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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
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
Domestic institutions’ strong penchant for buying Wednesday extended the bullish run on the Qatar Stock Exchange for the second straight session as its key index surpassed the 9,200 level.
Muscat Securities Market (MSM) general index (30) lost 7.1 points, comprising a decline by 0.20 per cent to close at 3,520.74 points, compared to the last session, which stood at 3,527.84 points.
Times of Oman
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
Times of Oman
The contagion impact from the crisis in Turkey was being felt in Dubai, along with other emerging markets.
The impact was felt largely through Emirates NBD, which recently entered an agreem