GulfBase Live Support
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
Shares on the Muscat bourse firmed up on support from retail investors. MSM30 index closed on a flat note at 5,078.03 points, marginally up by 0.02 per cent. The MSM Sharia Index ended at 724.78 poin
Times of Oman
Emaar Properties rallied more than 2 per cent, the highest since mid-September, amid agressive buying after its unit, whose shares listed on the Dubai Financial Market, recovered from its intra-day l
Gulf stock markets mostly rebounded from several days of weakness on Wednesday, encouraged by strong oil prices, though Emaar Development sank on its debut after Dubai’s first big initial public offe
Kuwait stocks headed south on Tuesday, extending its losses to third straight session. The main index dipped 25.75 pts in choppy trade to 6,231.97 points weighed by banking shares even as continuing
The initial listing price of Emaar Development, the property development business of the biggest United Arab Emirates (UAE) real estate company Emaar Properties, fell sharply at the start of its firs