Oman share index remains stable

Muscat: Share prices on the Muscat Securities Market (MSM) remained stable on Sunday. The MSM30 Index closed at 5,971.25 points, up 0.03 per cent. The MSM Sharia Index declined by 0.09 per cent to close at 887.96 points. Al Jazeera Steel was the most active in terms of volume while Raysut Cement led in terms of turnover. Amid low volumes, Oman Hotels & Tourism was the day’s top gainer, up by 49.83 per cent while Oman United Insurance was the top loser, down by 2.62 per cent.
As many as 976 trades were executed on Sunday, generating turnover of OMR3.6 million with 12.7 million shares changing hands. Out of 47 traded securities, 13 advanced, 15 declined and 19 remained unchanged. Foreign investors were net buyers for OMR96,000 while Omani investors were net sellers for OMR57,000 followed by GCC and Arab investors for OMR39,000 worth of shares.
Financial Index retreated 0.13 per cent to close at 7,681.03 points. Oman & Emirates Holding, United Finance, Al Anwar Holding, BankDhofar and Al Sharqia Investments gained by 2.03 per cent, 1.43 per cent, 1.32 per cent, 0.80 per cent and 0.66 per cent, respectively. Oman United Insurance, Gulf Investment Services, Al Madina Investments, Bank Nizwa and Al Madina Takaful declined by 2.62 per cent, 1.54 per cent, 1.47 per cent, 1.30 per cent and 1.30 per cent, respectively.
Industrial Index ended at 7,271.02 points, up by 0.35 per cent. Al Jazeera Steel, Construction Materials and Oman Cables increased by 7.14 per cent, 3.03 per cent and 0.83 per cent, respectively. Al Hassan Engineering, Galfar Engineering, Gulf International Chemicals and Oman Cement declinedby 1.04 per cent, 0.86 per cent, 0.78 per cent and 0.41 per cent, respectively.
Services Indexgained by 0.56 per cent to close at 3,349.02 points. Oman Hotels & Tourism, Renaissance Services, Oman National Engineering and National Gas advanced by 49.83 per cent, 5.16 per cent, 4.84 per cent and 1.15 per cent, respectively. OIFC and Port Services declined by 0.47 per cent and 0.39 per cent, respectively.