Muscat bourse recovers on renewed support from retail investors

Muscat: The MSM30 Index ended the session at 4,993.16 points, up 0.16 per cent. MSM Sharia Index ended at 707.19 points, up 0.40 per cent. United Finance was the most active in terms of volume while Bank Muscat was the leader in terms of turnover. The top gainer was Al Hassan Engineering, up 18.52 per cent, while the top loser was NBO, with losses of 2.79 per cent.
A total number of 733 trades were executed on Tuesday, generating turnover of OMR3.14 million with 17.36 million shares changing hands. Out of 50 traded securities, 17 advanced, 12 declined and 21 remained unchanged. At the session close, GCC & Arab investors were net buyers for OMR796,000 followed by Foreign investors for OMR479,000 while Omani investors switched to net sellers for OMR1.28 million worth of shares.
Financial Index had marginal loss of 0.03 per cent to close at 7,345.23 points. HSBC Bank, Al Anwar Holding, Al Batinah Development, Gulf Investment Services and Oman & Emirates Holding gained 1.82 per cent, 1.30 per cent, 1.19 per cent, 1.12 per cent and 0.95 per cent respectively. NBO, Global Financial Investment, Al Madina Takaful, Al Sharqia Investments and United Finance declined 2.79 per cent, 2.17 per cent, 1.10 per cent, 0.88 per cent and 0.79 per cent respectively.
Industrial Index gained 0.25 per cent to finish at 6,797.23 points. Al Hassan Engineering, Al Maha Ceramics, A’Saffa Foods, Gulf International Chemicals and Oman Cement gained 18.52 per cent, 5.96 per cent, 3.47 per cent, 2.22 per cent and 1.02 per cent respectively. Oman Flour Mills, Oman Fisheries and National Aluminium declined 1.50 per cent, 1.48 per cent and 0.42 per cent respectively.
Services Index ended at 2,615.73 points, down 0.12 per cent. Muscat Gases, Ooredoo and Omantel gained 2.19 per cent, 1.53 per cent and 0.93 per cent respectively. Renaissance Services, National Gas and Al Jazeera Services decreased 2.58 per cent, 1.31 per cent and 0.59 per cent respectively.