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Oman's share index ends marginally lower

Business Wednesday 16/September/2020 17:30 PM
By: United Securities
Oman's share index ends marginally lower

Muscat: The MSM index closed at 3,662.51 points, down 0.41 per cent from the previous close. The Sharia Index ended down 0.08 per cent at 517.93 points. No gainer while Al Omaniya Financial Bonds 2020, down 12.07 per cent, was the top loser. Bank Nizwa was the most active in terms of the number of shares traded and Bank Muscat was the most active in terms of turnover.
A total number of 235 trades were executed during the day's trading session, generating a turnover of OMR0.4 million, with more than 3.5 million shares changing hands. Out of 33 traded stocks, 0 advanced, 8 declined and 25 remained unchanged. At the session close, local investors were net sellers for OMR69,000 while GCC & Arab investors were net buyers for OMR46,000 followed by foreign for OMR22,000 worth of shares.
Financial Index closed by 0.38 per cent at, 5,911.03 points. Bank Muscat and Al Sharqia Investment were down by 2.13 per cent and 1.43 per cent respectively.
Industrial Index closed at 3,965.18 points, up 0.02 per cent. There were no price movements in the sector stocks.
Services index was down 0.54 per cent before closing at 1,567.19 points. Al Batinah Power, Al Jazeera Service, OIFC and Ooredoo were down by 1.85 per cent, 1.16 per cent, 1.09 v and 0.51 per cent respectively.