Oman share index unchanged in listless trading

Muscat: Shares on the Muscat Securities Market remained more or less intact amid listless activity. The MSM30 Index remained unchanged to close at 5,931.09 points. The MSM Sharia Index increased by 0.11 per cent to end at 887.06 points. Galfar Engineering was most active in terms of volume, while Oman Telecommunications Company was the most active in terms of turnover. The top gainer was Al Madina Investment, up by 3.17 per cent, while Sohar Power was the top loser, down by 9.66 per cent.
As manyas 558 trades were executed on Sunday, generating turnover of OMR2.20 million with 8.6 million shares changing hands. Out of 44 traded securities, 9 advanced, 14 declined and 21 remained unchanged. GCC and Arab investors were net buyers for OMR165,000 followed by Omani investors for OMR86,000 while foreign investors were net sellers for OMR251,000 worth of shares.
Financial Index ended lower at 7,624.78 points, down by 0.30 per cent. Al Madina Investment and National Bank of Oman increased by 3.17 per cent and 0.39 per cent, respectively. Industrial Index declined by 0.39 per cent to close at 7,294.52 points. Voltamp Energy and Raysut Cement gained by 1.40 per cent and 0.79 per cent, respectively. Anwar Ceramic, Galfar Engineering and Jazeera Steel Product declined by 3.24 per cent, 2.93 per cent and 0.48 per cent, respectively.
Services Index closed at 3,282.48 points, marginally down by 0.05 per cent. Ooredoo Oman, Al Suwadi Power, Al Batinah Power and Oman Telecommunications increased by 1.07 per cent, 0.47 per cent, 0.47 per cent and 0.31 per cent, respectively. Sohar Power, OIFC and Renaissance Services declined by 9.66 per cent, 0.49 per cent and 0.34 per cent, respectively.