MUSCAT: Shares on the Muscat Securities Market (MSM) recovered on better support from retail and institutional investors. The MSM30 had a positive day on Monday amidst continuous selling in recent days and ended at 6,419.97 points, up by 0.19 per cent. The MSM Sharia Index closed at 976.43 points, up by 0.04 per cent. Phoenix Power was the most active in terms of volume while Ominvest was the most active in terms of turnover. The top gainer was Al Sharqia Investments, up by 4.07 per cent, while the top loser was National Mineral Water, down by 6.06 per cent.
As many as 646 trades were executed during Monday’s trading session generating turnover of OMR2.6 million with more than 9.1 million shares changing hands. Out of 39 traded securities, 16 advanced, nine declined and 14 remained unchanged. Omani investors were net buyers for OMR140,000 while Foreign investors were net sellers for OMR117,000 followed by GCC and Arab investors for OMR23,000 worth of shares.
Financial Index recovered to close at 7,808.24 points, up by 0.60 per cent. Al Sharqia Investments, HSBC Bank, Gulf Investment Services, Al Anwar Holding and Takaful Oman increased 4.07 per cent, 3.97 per cent, 3.28 per cent, 2.39 per cent and 1.79 per cent respectively. Bank Nizwa and Bank Muscat declined 1.39 per cent and 0.37 per cent respectively.
Industrial Index gained 0.19 per cent to close at 8,160.60 points. Voltamp Energy, Galfar Engineering, Gulf International Chemicals, Al Anwar Ceramics and Oman Cables gained 1.36 per cent, 0.85 per cent, 0.75 per cent, 0.51 per cent and 0.22 per cent respectively. National Mineral Water, Construction Materials, Oman Fisheries and Al Maha Ceramics decreased 6.06 per cent, 5.26 per cent, 1.92 per cent and 0.37 per cent respectively.
Services Index declined 0.15 per cent and closed at 3,467.87 points. OIFC and Omantel increased 0.48 per cent and 0.29 per cent respectively. Port Services, Al Suwadi Power and Al Batinah Power declined 2.70 per cent, 0.87 per cent and 0.44 per cent respectively
