MUSCAT: Shares on the Muscat bourse recovered on support from retail investors. MSM 30 index ended with gains and closed at 5,042.31, up by 0.40 per cent. The MSM Sharia Index also was marginally down by 0.04 per cent and closed at 741.04 points. Bank Nizwa was the leader in terms of volume as well as turnover. Oman National Engineering Investment, which closed higher by 2.61 per cent, was the top gainer while the top loser Al Suwadi Power closed 6.25 per cent below Sunday’s close.
During the session, a total of 283 trades were executed, generating turnover of OMR1.11 million with more than 6.67 million shares changing hands. Out of 27 traded securities, 8 advanced, 8 declined, and 11 remained unchanged. Omani Investors were net sellers for OMR161,000 worth of shares followed by GCC and Arab Investors for OMR58,000 while Foreign Investors continued to be net buyers for OMR220,000 worth of shares.
Financial index gained 0.28 per cent and closed at 7,544.82 points. Bank Dhofar, Bank Sohar and National Bank of Oman gained by 2.33 per cent, 1.37 per cent and 0.47 per cent respectively. Al Madina Investment, Oman& Emirates and Al Madina Takaful fell by 1.52 per cent, 1.01 per cent and 0.92 per cent respectively.
Industrial Index closed at 6,792.20 points with loss of 0.16 per cent. Oman Fisheries and Galfar Engineering declined by 2.54 per cent and 1.32 per cent respectively.
Services Sector Index was down 0.34 per cent and closed at 2,460.98 points. Oman National Engineering & Investment, Sembcorp Salalah and Phoenix Power increased by 2.61 per cent, 2.31 per cent and 0.86 per cent respectively. Al Suwadi Power, National Gas and Al Jazeera Services declined by 6.25 per cent, 6.05 per cent and 1.35 per cent respectively.
