News Column

Oman's share index moves up marginally

August 31, 2014

United Securities

Muscat: The MSM 30 Index closed at 7,367.16 points, a gain of 0.08 per cent. MSM Shariah Index closed at 1,072.13, up by 0.13 per cent.

Global Financial Investment was the most active in terms of volume as well as turnover. The top gainer of the day was Oman Fiber Optic with a 3.30 per cent gain while Takaful Oman Insurance, which declined 1.96 per cent, was the top loser.

Altogether 950 trades were executed in Sunday's session generating a turnover of OMR6.67 million with over 27.8 million shares traded.

Out of 55 traded stocks, 14 advanced, nine declined and 32 were unchanged. Omani investors were net sellers to the tune of OMR665,000 worth of shares, while foreign investors were net buyers at OMR398,000 followed by GCC and Arab investors, who bought shares amounting to OMR267,000.

Financial Sector Index closed at 8,896.66 points, down by 0.14 per cent. United Finance, ONIC Holding and DBIH increased by 1.47 per cent, 0.95 per cent and 0.55 per cent, respectively. Takaful Oman, Gulf Investment Services, Financial Services, Oman & Emirates, Al Sharqia Investments and Ominvest declined by 1.96 per cent, 1.20 per cent, 0.62 per cent, 0.48 per cent, 0.47 per cent and 0.47 per cent, respectively.

The Industrial Sector Index ended on a positive note at 10,176.28 points, up by 0.27 per cent. Oman Fiber Optic, Al Anwar Ceramics, Voltamp, Gulf International Chemicals and Al Jazeera Steel increased by 3.30 per cent, 1.06 per cent, 1 per cent, 0.89 per cent and 0.85 per cent, respectively. Oman Fisheries was the only stock that declined today and closed at OMR0.090, down by 1.1 per cent. Services Sector Index was up by 0.16 per cent to close at 3,765.91 points. Port Services, Sembcorp Salalah, Omantel and OIFC increased by 2.08 per cent, 0.63 per cent, 0.57 per cent, and 0.40 per cent, respectively. Nawras and ACWA Power declined by 0.61 per cent and 0.54 per cent, respectively.

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Source: Times of Oman

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