Oman’s share index ends marginally lower

Oman’s share index ends marginally lower

Muscat: The MSM index closed at 3,677.842 points, down 0.56 per cent from the previous close. The Sharia Index ended down 0.70 per cent at 529.612 points. Phoenix Power, up 1.96 per cent, was the top gainer while Muscat Finance, down 9.52 per cent, was the top loser. Shares of Al Madina Takaful was the most active in terms of the number of shares traded and also was the most active in terms of turnover.A total number of 474 trades were executed during the day's trading session, generating a turnover of OMR1.18 million, with more than 9.05 million shares changing hands. Out of 42 traded stocks, 16 advanced, 8 declined and 18 remained unchanged. At the session close, foreign investors were net sellers for OMR196,000 while local investors were net buyers for OMR135,000 followed by GCC & Arab investors for OMR60,000 worth of shares.Financial Index closed at 5,552.664 points, down by 0.83 per cent. Al Madina Takaful was up by 1.14 per cent. Muscat Finance, Global Investment, Oman Emirates Holding, Oman Qatar Investment and Al Anwar Holding were down by 9.52 per cent, 7.27 per cent, 4.55 per cent, 3.23 per cent and 2.99 per cent respectively.Industrial Index closed at