The MSM30 Index registered steepest daily decline in last 4 months and closed at 4,455.54 points, down by 0.95 per cent. MSM Sharia Index closed at 636.66 points, down by 0.57 per cent. Gulf Investment Services was the most active in terms of volume and Bank Muscat was most active in terms of turnover. The top gainer of the day was Gulf Investment Services, up by 3.30 per cent while the major laggard was Construction Materials Ind. lower by 13.79 per cent.
A total number of 478 trades were executed during the day’s trading session generating turnover of OMR885,000 with more than 5.40 million shares changing hands. Out of 36 traded stocks, 4 advanced, 17 declined and 15 remained unchanged. At the session close, Foreign investors were net sellers for OMR358,000 worth of shares followed by the GCC & Arab investors for OMR28,000, while Omani Investors were net buyers for OMR387,000 worth of shares.
Financial Index lost 1.13 per cent to close at 6,848.31 points. Gulf Investment Services was up by 3.30 per cent. Al Batinah Dev. Inv. Holding, Al Anwar Holding, Bank Dhofar, Ominvest and Oman And Emirates Inv. Holding were down by 9.18 per cent, 3.39 per cent, 2.94 per cent, 2.86 per cent, and 2.70 per cent respectively.
Industrial Index lost 0.68 per cent to close at 5899.04 points. There were no gainers on Wednesday. Al Maha Ceramics, Al Anwar Ceramic Tiles, Galfar Engineering, and Oman Fisheries were down by 3.15 per cent, 3.06 per cent, 3 per cent and 1.92 per cent respectively.
Services Sector Index lost 0.22 per cent to close at 2,414.75 points. Al Batinah Power, Al Suwadi Power and Oman Investment And Finance were up by 2.59 per cent, 1.68 per cent and 0.93 per cent respectively. Renaissance Services and Ooredoo Oman were down by 2.65 per cent and 1.14 per cent respectively.
-Times of Oman