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Muscat bourse edges up on better volume

Muscat bourse edges up on better volume


MUSCAT: Shares on the Muscat Securities Market edged up on better activity on Wednesday. The MSM30 Index remained stable at 5,064.58 points, a marginal gain of 0.03 per cent. The MSM Sharia Index declined 0.14 per cent to close at 738.18 points. Oman Fisheries was the most active in terms of volume while Bank Muscat was the leader in turnover. Oman Fisheries was also the top gainer, up 4.46 per cent, while National Gas was the top loser, down 4.51 per cent.

A total number of 639 trades were executed on Wednesday, generating turnover of OMR1.82 million with 12.04 million shares changing hands. Out of 36 traded securities, 9 advanced, 8 declined and 19 remained unchanged. At the end of the session, Foreign Investors switched to net buyers for OMR271,000 while Omani Investors were net sellers for OMR160,000 followed by GCC & Arab Investors for OMR111,000 worth of shares.

Financial Index closed at 7,511.29 points, up 0.09 per cent. Gulf Investment Services, Al Ahlia Insurance, Bank Muscat and Al Madina Takaful gained 2.53 per cent, 1.28 per cent, 1.03 per cent and 0.96 per cent respectively. Al Anwar Holding and Vision Insurance decreased 1.27 per cent and 0.66 per cent respectively.

Industrial Index advanced 0.31 per cent to finish at 6,808.45 points. Oman Fisheries and National Aluminium gained 4.46 per cent and 2.01 per cent respectively. Galfar Engineering declined 1.35 per cent to close at OMR0.073.

Services Index ended at 2,456.57 points, down 0.21 per cent. Phoenix Power, Oman National Engineering and OIFC increased 0.84 per cent, 0.67 per cent and 0.62 per cent respectively. National Gas, Port Services, Ooredoo, Omantel and Al Jazeera Services declined 4.51 per cent, 1.11 per cent, 0.90 per cent, 0.81 per cent and 0.69 per cent respectively.