MUSCAT: After a fall in share values for few days, shares on the Muscat bourse recovered on Wednesday. The MSM30 Index ended the session marginally positive at 5,557.36 points, up by 0.13 per cent. The MSM Sharia Index ended at 826.21 points, down by 0.38 per cent. Bank Muscat was the most active in terms of volume as well as turnover. The top gainer was Financial Services, up by 22.95 per cent while the top loser was Gulf Investment Services, with a loss of 4.35 per cent.
As many as 564 trades were executed on Wednesday, generating a turnover of OMR2.76 million with 11.34 million shares changing hands. Out of 42 traded securities, 9 advanced, 16 declined and 17 remained unchanged. GCC and Arab investors remained net buyers of OMR398,000 followed by Omani investors at OMR60,000 while foreign investors were net sellers of OMR458,000 worth of shares.
Financial Index advanced by 0.38 per cent to close at 8,009.50 points. Financial Services, Ominvest, Oman & Emirates Holding, Al Sharqia Investments and Bank Sohar gained 22.95 per cent, 2.75 per cent, 2.59 per cent, 1.68 per cent and 1.48 per cent, respectively. Gulf Investment Services, Al Izz Bank, Al Batinah Investment and Bank Nizwa declined by 4.35 per cent, 1.37 per cent, 1.06 per cent and 1.05 per cent, respectively.
Industrial Index retreated 0.55 per cent to close at 7,638.25 points. Oman Fisheries, Al Anwar Ceramics, Al Jazeera Steel, Galfar Engineering and Al Maha Ceramics lost 2.65 per cent, 1.27 per cent, 1.25 per cent, 1.22 per cent and 0.96 per cent, respectively.
Services Index ended at 2,841.09 points, down by 0.19 per cent. Ooredoo and ACWA Power gained 1.17 per cent and 0.51 per cent, respectively. Renaissance Services, Port Services, Al Jazeera Services, Oman Telecommunications and Phoenix Power declined by 1.79 per cent, 1.77 per cent, 1.73 per cent, 1.12 per cent and 0.71 per cent, respectively.
