Muscat bourse edges down amid thin trading


In a lacklustre trading volumes on the Muscat bourse, the MSM 30 index closed at 5,918.43 points, down by 0.03 per cent. The MSM Sharia Index declined 0.03 per cent to close at 907.94 points.

Bank Nizwa was the most active in terms of volume while Omantel led in terms of turnover. Wednesday’s top gainer was Al Suwadi Power, up by 2.33 per cent, while Oman Textile Holdings was the day’s top loser, down by 3.70 per cent.

As many as 546 trades were executed during the trading session generating turnover of OMR3.1 million with 10.2 million shares changing hands. Out of 31 traded securities, four advanced, 13 declined and 14 remained unchanged.

Omani investors were net buyers to the tune of OMR282,000 worth of shares followed by GCC and Arab investors at OMR101,000. Foreign investors, who were net sellers, sold shares amounting to OMR383,000.

Financial Index ended negatively at 7,258.50 points, a loss of 0.20 per cent. Al Madina Investments, Al Anwar Holding, Al Izz Bank, Al Madina Takaful and Bank Muscat declined by 3.28 per cent, 3.14 per cent, 1.43 per cent, 1.16 per cent and 0.37 per cent, respectively.

Industrial Index edged down by 0.09 per cent to close at 7,325.78 points. Gulf International Chemicals, up by 0.70 per cent, was the only sector gainer. Oman Textiles, National Aluminium and Al Maha Ceramics declined by 3.70 per cent, 3.65 per cent and 0.41 per cent, respectively.

Services Index closed at 3,283.49 points, up by 0.17 per cent. Al Suwadi Power and Sohar Power advanced by 2.33 per cent and 1.63 per cent, respectively. Renaissance Services, OIFC, Phoenix Power, National Gas and ACWA Power fell by 1.13 per cent, 1.07 per cent, 0.66 per cent, 0.63 per cent and 0.49 per cent, respectively.

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