Dull trading on Muscat bourse

Business Monday 25/July/2016 16:53 PM
By: Times News Service
Dull trading on Muscat bourse

Muscat: Muted trading activity resulted in the MSM30 Index closing at 5,812.16 points, down by 0.10 per cent. The MSM Sharia Index gained 0.05 per cent to end at 885.07 points.
Bank Muscat was the most active in terms of volume as well as turnover. Al Batinah Development was the top gainer on Monday, up by 2.33 per cent, while the top loser was National Aluminium, down by 2.17 per cent.
As many as 852 trades were executed on Monday, generating turnover of OMR3.02 million with 9.4 million shares changing hands. Out of 38 traded securities, eight advanced, nine declined and 21 remained unchanged. Omani investors were net buyers to the tune of OMR989,000 worth of shares, while foreign investors, who were net sellers, sold shares amounting to OMR948,000 followed by GCC and Arab investors at OMR41,000.
Financial Index closed at 7,426.52 points, up by 0.09 per cent. Al Batinah Investment, Al Izz Bank, Bank Nizwa and Al Anwar Holding increased by 2.33 per cent, 1.79 per cent, 1.33 per cent and 1.08 per cent, respectively. Al Madina Takaful, Al Sharqia Investments, Muscat National Holding and Bank Sohar declined by 1.37 per cent, 0.71 per cent, 0.56 per cent and 0.53 per cent, respectively.
Industrial Index gained 0.10 per cent to close at 7,400.87 points. Al Jazeera Steel and Gulf International Chemicals gained 1.64 per cent and 0.81 per cent, respectively. National Aluminium, Al Hassan Engineering and Galfar Engineering fell by 2.17 per cent, 1.33 per cent and 0.96 per cent, respectively.
Services Index declined by 0.19 per cent to close at 3,192.86 points. OIFC, up by 0.51 per cent, was the only sector gainer. Oman Telecommunications Company and Renaissance Services declined by 1.21 per cent and 1.11 per cent, respectively.