Oman share index ends lower

Muscat: The MSM30 index ended lower on Tuesday and closed at 4,495.69 points, down by 0.45 per cent. MSM Sharia Index closed at 622.37 points, down by 0.03 per cent. Bank Muscat was the most active in terms of volume and in terms of turnover. The top gainer of the day was Sharqiyah Desalination, up by 2.61 per cent. The top loser was Al Jazeera Services, which closed lower by 2.56 per cent.
A total number of 458 trades were executed during the day's trading session generating turnover of OMR1.71 million with more than 5.94 million shares changing hands. Out of 39 traded stocks, 7 advanced, 14 declined and 18 remained unchanged. At the session close, foreign investors were net sellers for OMR550,000 worth of shares followed by the GCC & Arab investors for OMR461,000, while Omani investors were net buyers for OMR1.01 million worth of shares.
Financial Index lost 0.73 per cent to close at 6918.27 points. United Finance was up by 1.05 per cent. HSBC Bank, Bank Muscat, Bank Dhofar, Ominvest and Gulf Investment Services were down by 1.63 per cent, 1.52 per cent, 1.22 per cent, 1.18 per cent and 1.05 per cent respectively.
Industrial Index was stable at 5643.85 points. National Aluminium Products was up by 1.6 per cent. Voltamp Energy and Galfar Engineering were down by 1 per cent and 0.94 per cent respectively.
Services Index lost 0.03 per cent to close at 2,471.82 points. Sharqiyah Desalination, Oman National Engine. Invt., Al Batinah Power, National Gas and Omantel were up by 2.61 per cent, 2.42 per cent, 0.82 per cent, 0.59 per cent and 0.47 per cent respectively. Al Jazeera Services, Al Suwadi Power, Dhofar Generating Company and Renaissance Services were down by 2.56 per cent, 1.61 per cent, 1.36 per cent and 0.49 per cent respectively.