Oman’s share index ends marginally higher

SourceTimes of Oman
SectorFinancial Markets

Muscat: The MSM index closed at 3,643.44 points, up 0.05 per cent from the previous close. The Sharia Index ended up 0.22 per cent at 519.29 points. Phoenix Power, up 1.82 per cent was the top gainer while United Finance, down 10.00 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 240 trades were executed during the day’s trading session, generating a turnover of OMR0.89 million, with more than 8.7 million shares changing hands. Out of 32 traded stocks, 6 advanced, 7 declined and 19 remained unchanged. At the session close, GCC & Arab investors were net sellers for OMR178,000 while local investors more...