Muscat: The MSM30 index edged up to end on a positive note and closed at 5911.75 points, up by 0.25 per cent. National Aluminium Products was the most active in terms of volume while Bank Muscat was the most active in terms of turnover.
A'Saffa Foods was the top gainer of the day and closed up by 8.14 per cent, while Fincorp lost the most and declined by 9.68 per cent.
A total number of 1,970 trades were executed in yesterray's trading session generating turnover of OMR8.43 million with over 27.78 million shares traded. Out of 53 traded stocks, 17 advanced, 19 declined and 17 remained unchanged.
At the session close, GCC & Arab investors were net buyers worth OMR425,000 followed by foreign investors at OMR274,000, while Omani investors were net sellers for OMR699,000 worth of shares.
Financial Sector Index was down by 0.22 per cent and closed at 6998.29 points. Al Anwar Holding, Oman& Emirates, Transgulf Holding, Oman Orix Leasing and Bank Muscat increased by 2.48 per cent, 0.96 per cent, 0.94 per cent, 0.69 per cent and 0.63 per cent respectively. Financial Corporation, Global Financial Investment, DBIH, Oman United Insurance and Taageer Finance declined by 9.68 per cent, 1.92 per cent, 1.82%, 1.35 per cent and 1.09 per cent respectively.
The Industrial Sector Index closed at 7850.78 points, up by 0.93 per cent. A'Saffa Foods, National Aluminium Products, Jazeera Steel Products, Oman Packaging and Gulf International Chemicals increased by 8.14 per cent, 2.73 per cent, 2.01 per cent, 1.56 per cent and 1.11 per cent respectively.
Voltamp Energy was the only loser and was down by 1.09 per cent to close at 363 baisas. Services Sector Index closed at 2991.97 points, up by 0.77 per cent. Majan College, Shell Oman Marketing, OIFC, Port Service and Sohar Power increased by 6.15 per cent, 2.10 per cent, 1.96 per cent, 1.65 per cent and 1.52 per cent respectively. Renaissance Services was the only loser and was down by 0.42 per cent to close at 476 baisas.
du rallied to the highest level in more than four years after the United Arab Emirates phone operator proposed a higher cash dividend and more than doubled fourth-quarter profit.
Shares of Emirates Integrated Telecommunications, as the operator is formally known, rose 10 per cent to Dh4.06, the highest intraday level since November 2008, at 12:24 p.m. in Dubai.
The stock, which has rallied 16 per cent this year, was the most traded by value and the biggest gainer on the benchmark DFM General Index, which gained 1.7 per cent. du proposed a 30 fils a share cash dividend, double what it paid last year.
"The most attractive part of the news is the 30 per cent cash dividend, which translates into a yield of above 8 per cent at last close," said Talal Touqan, head of research at Al Ramz Securities in Abu Dhabi.
du, which competes in the UAE with Emirates Telecommunications (Etisalat) added almost half a million customers in the period, boosting its market share to 48.7 per cent, it said.
Fourth-quarter net income after royalty to the government soared to Dh994 million ($271 million) from Dh440 million in the year-earlier period. That beat the Dh795-million estimates of analysts, (United Securities/Bloomberg News)