Muscat bourse weakens further
Weak sentiment prevailed on the Muscat bourse on Tuesday
Weak sentiment prevailed on the Muscat bourse on Tuesday, Times of Oman. The MSM30 index ended on a flat note to close at 5,795.71 points, down by 0.07%. The MSM Sharia Index closed at 859.31 points, down by 0.10%. Al Anwar Holding was the most active in terms of volume while Oman Cables was the most active in terms of turnover.
Oman Textile Holding remained the top gainer, up 9.83% while Al Hassan Engineering was the top loser, down 5.45%.
As many as 868 trades were executed on Tuesday, generating turnover of $10.3m with 13.33 million shares changing hands. Out of 43 traded securities, 8 advanced, 14 declined and 21 remained unchanged. Omani investors were net buyers for $2.1m while foreign investors were net sellers for $1.6m followed by GCC and Arab investors for $438,961.04 worth of shares.
Financial Index marginally gained by 0.04% to close at 8,214.16 points. HSBC Bank Oman and Bank Nizwa increased by 1.54% and 1.11%, respectively. Al Anwar Holding, Al Madina Investment, Al Madina Takaful and Al Sharqiya Investment declined by 2.84%, 1.43%, 1.01% and 0.78%, respectively.
Industrial Index marginally gained by 0.05% to finish at 8,005.12 points. Oman Textile Holding, Oman Flour Mills, Raysut Cement and National Aluminium increased by 9.83%, 3.41%, 0.70% and 0.57%, respectively. Oman Fisheries, Galfar Engineering, Al Anwar Ceramics and Gulf International Chemicals declined by 2.73%, 2.17%, 1.21% and 0.34%, respectively.
Services Index fell by 0.26% to close at 3,018.22 points. ACWA Power Barka was the only gainer in the sector and was up by 1.10% to close at $1.90. OIFC, Ooredoo Oman, Al Jazeira Services and Port Services declined by 2.15%, 1.36%, 1.01% and 0.99%, respectively