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The MSM30 index ended higher on Wednesday and closed at 4,389.44 points, up by 0.37 per cent. MSM Sharia Index closed at 606.15 points, up by 0.07 per cent. Bank Muscat was the most active in terms of volume and in terms of turnover. The top gainer of the day was Voltamp Energy, up by 6.22 per cent. Wednesday’s top loser was Al Batinah Dev. Inv. Holding, which closed lower by 7.78 per cent.
A total number of 333 trades were executed during the day's trading session generating turnover of OMR1.31 million with more than 4.98 million shares changing hands. Out of 29 traded stocks, 14 advanced, 3 declined and 12 remained unchanged. At the session close, foreign investors were net sellers for OMR720,000 worth of shares followed by GCC & Arab the investors for OMR57,000, while Omani Investors were net buyers for OMR778,000 worth of shares.
Financial Index gained 0.16 per cent to close at 6,809.66 points. Al Sharqia Investment Holding, Oman & Emirates Inv. Holding, Gulf Investment Services, Al Anwar Holding and Bank Sohar were up by 3.13 per cent, 2.83 per cent, 1.12 per cent, 0.94 per cent and 0.79 per cent respectively. Al Batinah Dev. Inv. Holding and Global Financial Investment were down by 7.78 per cent and 6.38 per cent respectively.
Industrial Index gained 0.61 per cent to close at 5,523.10 points. Voltamp Energy, Galfar Engineering and Al Anwar Ceramic Tiles were up by 6.22 per cent, 4.04 per cent and 1.12 per cent respectively. Oman Cement was down by 0.53 per cent respectively.
Services Sector Index gained 0.30 per cent to close at 2,378.12 points. Omantel, Sohar Power, OIFC, Muscat City Desalination and Ooredoo were up by 2.67 per cent, 1.72 per cent, 1.05 per cent, 0.75 per cent and 0.4 per cent respectively. There were no losers on Wednesday.
Times of Oman
The Dubai Financial Market General Index (DFMGI) dropped by 47.1 or 1.67 per cent last week to close at 2,778.76, the largest decline in 13 weeks. Market breadth was also bearish with 27 issues decli
Boursa Kuwait announced on Saturday it would begin on Sunday effecting Over the Counter Market (OTC) regulations and trading in this off-exchange system at the national stock exchange.
Boursa Kuwait announced Saturday the introduction of an Over the Counter Market (OTC). The new market will serve as a trading platform for companies that are not listed on Boursa Kuwait.
First Abu Dhabi Bank (FAB) surged with aggressive volumes even as the Abu Dhabi index jumped more than a per cent to breach the keenly watched level of 5,000 level on Wednesday.
The Abu Dh
Boursa Kuwait said it was committed to application of governance in compliance with regulations of Capital Market Authority (CMA), and to meet needs of traders. Boursa Kuwait has a duty to establishi