News Column

MSM index ends lower

April 27, 2014

United Securities

Muscat: The MSM30 Index declined due to Omantel debut of public shares and closed at 6,717.12 points, down by 0.82 per cent. MSM Sharia Index closed at 1,064.11 points, down by 0.87 per cent.

Omantel was the most active in terms of volume and turnover on its first day listing of IPO.  The top gainer was National Securities which gained 8.11 per cent while Omantel was the top loser for the day, down by 4.70 per cent.   

A total number of 7,197 trades were executed in yesterday's trading session generating turnover of OMR32.29 million with over 26.05 million shares traded. Out of 40 traded stocks, five advanced, 17 declined and 18 were unchanged. GCC & Arab investors were net buyers for OMR7.34 million followed by foreign investors for OMR284,000 while Omani investors were net sellers for OMR7.62 million worth of shares.

Financial Sector Index declined 0.54 per cent to close at 8,065.78 points. National Securities, Al Madina Takaful, Global Finance & Investment company, Al Sharqia Investments and Tageer Finance increased by 8.11 per cent, 1.64 per cent, 1.33 per cent, 1.10 per cent and 0.70 per cent respectively. Al Izz Islamic Bank, HSBC Bank Oman, Gulf Investment services, Financial Services and Bank Nizwa declined by 4.00 per cent, 3.21 per cent, 1.33 per cent, 1.23 per cent and 1.10 per cent respectively.

Industrial Sector Index was down by 0.28 per cent to close at 10,470.45 points. Galfar Engineering, Salalah Mills, Oman Cement and Al Anwar Ceramics declined by 1.18 per cent, 1.04 per cent, 0.51 per cent and 0.34 per cent respectively.

Services Sector Index was down by 0.62 per cent to close at 3,622.24 points. Omantel, National Gas, Nawras, OIFC and Oman Education decreased by 4.70 per cent, 2.08 per cent, 1.05 per cent, 0.69 per cent and 0.62 per cent respectively.

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Source: Times of Oman

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