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Shares on the Muscat Securities Market recovered amid support from retail investors. Financials stocks drove the MSM30 Index higher to close 5,129.54 points, up 0.57 per cent. The MSM Sharia Index ended at 749.44 points, up 0.13 per cent. Galfar Engineering was the most active in terms of volume while Omantel led in terms of turnover. United Finance, up 5.65 per cent, was the top gainer while Al Sharqia Investment was the top loser, down 3.64 per cent.
A total number of 741 trades were executed on Monday, generating turnover of OMR2.64 million with 13.5 million shares changing hands. Out of 42 traded securities, 13 advanced, 13 declined and 16 remained unchanged. At the end of the trading session, Omani Investors were net buyers for OMR312,000 while GCC & Arab Investors switched to net sellers for OMR302,000 followed by Foreign Investors for OMR10,000 worth of shares.
Financial Index advanced 0.61 per cent to end at 7,483.38 points. United Finance, Ahli Bank, Bank Dhofar, Al Madina Investments and Gulf Investment Services increased 5.65 per cent, 3.55 per cent, 3.41 per cent, 1.59 per cent and 1.18 per cent respectively. Al Sharqia Investments, Vision Insurance, Al Madina Takaful, Al Izz Bank and Al Anwar Holding lost 3.64 per cent, 2.82 per cent, 1.92 per cent, 1.43 per cent and 1.3 per cent respectively.
Industrial Index retreated 0.16 per cent to finish at 6,934.76 points. Al Anwar Ceramics and Al Jazeera Steel gained 3.05 per cent and 2.00 per cent respectively. Voltamp Energy, Galfar Engineering, Gulf International Chemicals and Al Maha Ceramics decreased 3.51 per cent, 2.27 per cent, 2.22 per cent and 1.01 per cent respectively.
Services Index closed at 2,579.57 points, up 0.04 per cent. Al Jazeera Services and Omantel increased 5.30 per cent and 0.39 per cent respectively. National Gas, Sohar Power, Oman National Engineering and OIFC declined 3.04 per cent, 2.52 per cent, 0.66 per cent and 0.61 per cent respectively.
Times of Oman
The MSM30 index ended lower on Wednesday and closed at 4,485.06 points, down by 0.24 per cent. MSM Sharia Index closed at 622.01 points, down by 0.06 per cent. Bank Muscat was the most active in term
Times of Oman
Trade values dwindled on the UAE’s stock markets, with the main indices ending nearly flat on Wednesday amid a lack of catalysts to drive any strong trading activity.
The Dubai Financial Ma
Kuwait stocks slipped into red on Wednesday extending the losses to third straight session. The All Shares Index dropped 10.78 points in choppy session to 5118.62 points dragged by heavyweights even
The MSM30 index ended lower on Tuesday and closed at 4,495.69 points, down by 0.45 per cent. MSM Sharia Index closed at 622.37 points, down by 0.03 per cent. Bank Muscat was the most active in terms
Times of Oman
The UAE’s main stocks indices ended lower on Tuesday, albeit marginally, as sentiment remained sour amid concerns about emerging market stocks and currencies as well as trade tariffs.