MSX index ends marginally lower

Business Tuesday 26/October/2021 17:06 PM
By: United Securities
MSX index ends marginally lower

Muscat: The MSX index closed at 4,010.75 points, down 0.02 per cent from the previous close. The Sharia Index ended down by 0.28 per cent at 559.61 points.

Muscat Desalination was the top gainer, up by 5.06 per cent. While Voltamp Energy, down 8.89 per cent, was the top loser. Shares of Sohar International Bank was the most active in terms of the number of shares traded while Bank Muscat was the most active in terms of turnover.

A total number of 588 trades were executed during the day's trading session, generating a turnover of OMR3.6 million, with more than 19.3 million shares changing hands. Out of 55 traded securities, 12 advanced, 15 declined and 21 remained unchanged. At the session close, foreign investors were net buyers for OMR173,000 while local investors were net sellers for OMR162,000 followed by GCC & Arab investors for OMR12,000 worth of shares.

Financial Index closed at 6,348 points, up 0.17 per cent. Prices of Ahli Bank and Sohar International Bank were up 2.73 per cent and 1.04 per cent respectively. Al Madina Investment, Al Anwar Investment, National Finance, United Finance and Muscat Finance were down 3.39 per cent, 2.97 per cent, 2.86 per cent, 1.79 per cent and 1.72 per cent respectively.

Industrial Index closed at 6,099.47 points, down 0.95 per cent. Prices of Gulf International Chemicals and Oman Flour Mills were up 1.05 per cent and 0.51 per cent respectively. Voltamp Energy, Construction Materials, Al Anwar Ceramics, Raysut Cement and Galfar Engineering were down 8.89 per cent, 2.94 per cent, 2.35 per cent, 1.67 per cent and 1.28 per cent respectively.

Services Index down by 0.81 per cent before closing at 1,661.21 points. Muscat Desalinate, Sembcorp Salalah, Omantel and Oman Education & Training were up 5.06 per cent, 1.20 per cent, 0.54 per cent and 0.38 per cent respectively. SMN Power Holding, Al Maha Marketing, Al Batinah Power, Al Jazeera Services and Oman National Engineering were down 5.17 per cent, 3.83 per cent, 3.77 per cent, 2.16 per cent and 2.11 per cent respectively.