Oman’s share index falls on lack of buying support

The MSM30 Index ended on a negative note at 5,023.49 points, down 0.62 per cent. The MSM Sharia Index closed at 699.24 points, down 1.17 per cent. Alizz Bank was the most active in terms of volume while Government Bonds led in terms of turnover. Up 0.90 per cent, Oman Flour Mills was top equity mover while the top loser was Raysut Cement with a loss of 10.00 per cent.

A total number of 269 trades were executed on Monday, generating a turnover of OMR25.7 million with 4.33 million shares changing hands. Out of 31 traded securities, 4 advanced, 15 declined, and 12 remained unchanged. At the end of the trading session, GCC & Arab investors were net buyers for OMR43,000 followed by Omani investors for OMR7,000 while Foreign investors were net sellers for OMR50,000 worth of shares.

Financial Index closed at 7,414.43 points, down 0.18 per cent. Al Madina Takaful, Al Sharqia Investments, Bank Nizwa and Muscat Finance declined 2.02 per cent, 1.83 per cent, 1.11 per cent, and 0.92 per cent respectively.

Industry Index had strong loss of 1.17 per cent to finish at 6,661.08 points. Oman Flour Mills and Al Jazeera Steel were up by 0.90 per cent, and 0.74 per cent respectively. Raysut Cement, Gulf International Chemicals, Al Anwar Ceramics, Oman Fisheries and Galfar Engineering declined 10.00 per cent, 1.98 per cent, 1.60 per cent, 1.40 per cent and 1.33 per cent respectively.

Services Index retreated 0.28 per cent to end at 2,557.95 points. OIFC, Omantel, National Gas, Al Jazeera Services and Sembcorp Salalah decreased 2.16 per cent, 0.85 per cent, 0.71 per cent, 0.71 per cent and 0.44 per cent respectively.

Source:Timesofoman