Shares on Muscat bourse closes in the green

Business Sunday 25/September/2016 18:05 PM
By: Times News Service
Shares on Muscat bourse closes in the green

Muscat: Shares on the Muscat Securities Market (MSM) remained firm on scattered support from institutional investors. The MSM30 Index remained stable at 5,768.84 points, up 0.05 per cent. The MSM Shariah Index advanced 0.26 per cent to close at 880.17 points.
Bank Nizwa was the most active in terms of volume and turnover. National Detergent, up 4.76 per cent was the top gainer while the top loser was Port Services, down 4.51 per cent.
As many as 315 trades were executed on Sunday, generating a turnover of OMR2 million with 15.9 million shares changing hands. Out of 28 traded securities, 10 advanced, 4 declined and 14 remained unchanged. Omani investors were net buyers to the tune of 228,000 worth of shares followed by foreign investors at OMR8,000. Arab and GCC investors, who were net sellers, sold stocks amounting to OMR238,000.
Financial Index ended positively at 7,427.77 points, up 0.21 per cent. Al Madina Investment, Al Izz Bank, Bank Nizwa, Taageer Finance and United Finance increased 4.29 per cent, 1.56 per cent, 1.32 per cent, 0.88 per cent and 0.63 per cent respectively. Al Anwar Holding, down 0.53 per cent was the only loser.
Industrial Index moved up 0.08 per cent to close at 7,427.80 points. National Detergent, Oman Fisheries, Oman Flour Mills, Oman Cement and Al Maha Ceramics gained 4.76 per cent, 1.59 per cent, 0.63 per cent, 0.44 per cent and 0.41 per cent respectively. DhofarCattlefeed and Galfar Engineering had losses of 2.22 per cent and 1.92 per cent respectively.
Services Index was unchanged at 3,134.06 points. Port Services, down 4.51 per cent was the only sector mover.