Friday 17 / May / 2024
Muscat: Despite low volume, gains in banking stocks drove the MSM 30 Index to 5,592.88 points, up 0.17 per cent. However, the MSM Shariah Index ended at 857.58 points, down 0.15 per cent.
Bank Sohar was the most active in terms of volume while Ominvest led in terms of turnover. Wednesday’s top gainer was OIFC, up 4.57 per cent while Ominvest was the top loser with loss of 3.46 per cent.
As many as 670 trades were executed on Wednesday, generating turnover of OMR2.25 million with 9.48 million shares changing hands. Out of 44 traded securities, 20 advanced, 6 declined and 18 remained unchanged. Omani investors switched to net buyers to the tune of OMR288,000 worth of shares, while foreign investors were net sellers at OMR228,000, followed by GCC and Arab investors, who sold stocks amounting to OMR60,000.
Financial Index advanced 0.46 per cent to end at 7,284.54 points. Bank Sohar, Global Financial Investment, Takaful Oman, HSBC Bank and Al Madina Investment gained 3.50 per cent, 3.05 per cent, 2.94 per cent, 2.63 per cent and 1.72 per cent respectively. Ominvest, Oman United Insurance and DBIH declined 3.46 per cent, 1.72 per cent and 1.12 per cent respectively.
Industrial Index declined 0.07 per cent to end at 7,194.02 points. Oman Fisheries, Oman Flour Mills and Al Anwar Ceramics had gains of 3.45 per cent, 0.62 per cent and 0.61 per cent respectively. Raysut Cement and Oman Cement declined 1.77 per cent and 1.33 per cent respectively.
Services Index closed at 3,047.13 points with a gain of 0.31 per cent. OIFC, Al Jazeera Services, Renaissance Services, Port Services and Ooredoo increased 4.57 per cent, 2.78 per cent, 1.44 per cent, 0.84 per cent and 0.59 per cent respectively.
