Oman’s share index closes lower marginally

MSM30 index closed at 3,793.90 points, down 0.38 per cent. The Sharia Index also closed down by 0.44 percent at 531.24 points. Ahli Bank Perpetual Bonds, up 2.80 percent, was the top gainer while Muscat Finance, down 4.69 percent was the top loser. Bank Dhofar was the most active in terms of volume as well as turnover.

A total number of 327 trades were executed during the day's trading session generating turnover of OMR1.37 million with more than 8.50 million shares changing hands. Out of 30 traded stocks, 2 advanced, 15 declined and 13 remained unchanged. At the session close, GCC & Arab investors were net sellers for OMR327,000, while local investors were net buyers for OMR174,000 followed by foreign investors for OMR153,000 worth of shares.

Financial Index closed at 6,231.70 points, down 0.45 percent, Ahli Bank Perpetual bond was up 2.08 percent. Gulf Investment Services, Muscat Finance, Al Madina Investment, Al Sharqiya Investment, and Al Madina Takaful were down by 5.63 percent, 4.69 percent, 4.35 percent, 3.70 percent, and 1.41 percent respectively.

Industrial Index closed at 4,513.60 points, down 0.65 percent. Al Anwar Ceramic, Voltamp, Galfar Engineering, and Al Maha Ceramics were down 4.67 percent, 2.78 percent, 1.25 percent, and 0.57 percent respectively.

Services index was down 0.14 percent before closing down at 1,861.12 points. Sembcorp Salalah was up by 1.92 percent. Renaissance Service was down by 4.22 percent.