Oman shares stable in subdued trading

Muscat: The MSM30 Index remained stable amid subdued trading volume to close at 5,816.26 points, up 0.08 per cent. The MSM Sharia Index gained 0.05 per cent to finish at 895.13 points. Galfar Engineering was the most active in terms of volume while Ooredoo was the most active in terms of turnover. Construction Materials was Sunday’s top gainer, up 3.23 per cent, while the top loser was Al Hassan Engineering down 2.44 per cent.
A total number of 596 trades were executed on Sunday, generating turnover of OMR2.1 million with 9.5 million shares changing hands. Out of 43 traded securities, eight advanced, 11 declined and 24 remained unchanged. At the session close, Omani investors were net buyers for OMR21,000 followed by foreign investors for OMR10,000 while GCC & Arab Investors were net sellers for OMR31,000 worth of shares.
Financial Index declined 0.19 per cent to close at 7,306.62 points. Gulf Investment Services, Al Madina Takaful and Al Sharqia Investments gained 1.72 per cent, 1.35 per cent and 0.71 per cent respectively. Al Madina Investment, Oman & Emirates Holding, Al Batinah Development, HSBC Bank and Global Financial Investment declined 1.61 per cent, 1.45 per cent, 1.23 per cent, 1.01 per cent and 0.74 per cent respectively.
Industrial Index was stable at 7,471.21 points, up 0.04 per cent. Construction Materials and Al Jazeera Steel gained 3.23 per cent and 2.22 per cent respectively. Al Hassan Engineering, Oman Fisheries, Galfar Engineering and Oman Cement decreased 2.44 per cent, 1.59 per cent, 0.91 per cent and 0.42 per cent respectively.
Services Index gained 0.18 per cent to close at 3,253.74 points. National Gas, Omantel and Ooredoo increased 0.69 per cent, 0.61 per cent and 0.54 per cent respectively. Al Jazeera Services and Port Services declined 1.86 per cent and 1.64 per cent respectively.