Oman's share index ends marginally higher

Business Sunday 28/February/2021 16:57 PM
By: United Securities
Oman's share index ends marginally higher

Muscat: The MSM index closed at 3,612.37 points, up 0.29 per cent from the previous close. The Sharia Index ended down 0.06 per cent at 540.54 points. Arabia Falcon, up 10.00 per cent, was the top gainer while OIFB, down 50.0 per cent, was the top loser. Shares of United Finance were the most active in terms of the number of shares traded while Bank Muscat was the most active in terms of turnover.

A total number of 393 trades were executed during the day's trading session, generating a turnover of OMR0.73 million, with more than 6.13 million shares changing hands. Out of 40 traded stocks, 11 advanced, 10 declined and 19 remained unchanged. At the session close, local investors were net buyers for OMR39,000 while GCC & Arab investors were net sellers for OMR38,000 followed by foreign investors for OMR1,000 worth of shares.

Financial Index closed at 5,429.142 points, up by 0.37 per cent. Arabia Falcons, United Finance, Ominvest, National Bank of Oman and Al Anwar Investment were up by 10.00 per cent, 5.13 per cent, 3.07 per cent, 1.56 per cent and 1.49 per cent respectively. Al Madina Investment, Bank Nizwa, Madina Takaful, and Bank Muscat were down by 4.00 per cent, 1.01 per cent, 1.00 per cent and 0.50 per cent respectively. 

 
Industrial Index closed at 4,625.85 points, up 0.17 per cent. Oman Cable and Jazeera Steel were up by 2.38 per cent and 0.96 per cent respectively. Galfar Engineering and Aluminium Product were down by 2.08 per cent and 1.23 per cent respectively.

Services index was down by 0.03 per cent before closing at 1,549.88 points. Ooredoo was up by 1.46 per cent. Phoenix Power and Sharqiyah Desalination were down by 2.13 per cent and 0.69 per cent respectively.