Oman's share index ends marginally lower

Muscat: The MSM index closed at 3,557.40 points, down 0.81 per cent from previous close. The Sharia Index ended down 0.53 per cent at 518.44 points. Aman Reit Fund, up 9.78 per cent was the top gainer on Thursday while United Finance, down 9.30 per cent, was the top loser. Gulf Investment was the most active in terms of number of shares traded and Bank Muscat was the most active in terms of turnover. 

A total number 399 of trades were executed during the day's trading session, generating turnover of OMR0.826 million, with more than 7.8 million shares changing hands. Out of 42 traded stocks, one advanced, 23 declined and 18 remained unchanged. At the session close, GCC & Arab investors were net buyers for OMR79,000 while local investors were net sellers for OMR42,000 followed by foreign investors for OMR37,000 worth of shares.

Financial Index closed at 5,644.14 points, down by 0.64 per cent. There were no gainers from the sector. United Finance, Gulf Investment, Arabia Falcon Insurance, National Bank of Oman, and Al Sharqia Investment were down by 9.30 per cent, 8.57 per cent, 4.71 per cent, 3.03 per cent and 2.86 per cent respectively.

Industrial Index closed at 3,964.62 points, down 1.50 per cent. There were no gainers from the sector. Raysut Cement, Galfar Engineering, National Aluminium, Gulf International and Oman Fisheries were down by 7.84 per cent, 7.32 per cent, 3.33 per cent, 2.94 per cent and 2.86 per cent respectively.

Services index was down 0.89 per cent before closing at 1,585.58 points. There were no gainers from the sector. Semcorp Salalah, Dhofar Generating, Al Jazeera Service, Renaissance Service and Ooredoo were down by 4.35 per cent, 4.21 per cent, 3.27 per cent, 1.72 per cent and 0.52 per cent respectively.