Oman share index reacts on lack of support

Business Tuesday 24/May/2016 18:14 PM
By: Times News Service
Oman share index reacts on lack of support

Muscat: Shares reacted on the Muscat bourse on lack of buying support. The MSM30 Index fell by 0.18 per cent to close at 5,937.42 points, up by 0.18 per cent. The MSM Sharia Index increased by 0.20 per cent to end at 890.04 points. Bank Nizwa was most active in terms of volume, while Oredoo Oman was the most active in terms of turnover. The top gainer was United Finance, up by 2.78 per cent while Oman& Emirates was the top loser, down by 3.45 per cent.
As many as 730 trades were executed on Tuesday, generating turnover of OMR3.12 million with 12.1 million shares changing hands. Out of 45 traded securities, eight advanced, 13 declined and 24 remained unchanged. Foreign investors were net buyers for OMR339,000 followed by GCC and Arab investors for OMR301,000 while Omani investors were net sellers for OMR600,000 worth of shares.
Financial Index to close at 7,641.56 points, down by 0.34 per cent. United Finance, Bank Nizwa, Muscat Finance and Al Anwar Holding increased by 2.78 per cent, 2.63 per cent, 1.64 per cent and 0.88 per cent, respectively. Oman& Emirates, Al Madina Investment, National bank of Oman and HSBC Bank Oman declined by 3.45 per cent, 2.99 per cent, 1.93 per cent and 1.86 per cent, respectively
Industrial Index marginally up by 0.09 per cent to close at 7,335.28 points. Jazeera Steel Product and Gulf International Chemicals increased by 2.39 per cent and 0.40 per cent, respectively. Construction Material Industries and Oman Fisheries declined by 3.03 per cent and 1.61 per cent, respectively.
Services Index closed at 3,293.45 points, down by 0.20 per cent. Jazeera Services was the only gainer and was up by 1.29 per cent to close at 0.231. Renaissance Services, Port Services and National Gas declined by 1.97 per cent, 0.40 per cent and 0.38 per cent, respectively.