Omani stocks hit highest level since Nov 2015

Mubasher: The Muscat Securities Market’s (MSM) main index, MSM 30, hit its highest level since 25 November, 2015, on Tuesday after rising 0.84% or 47.5 points to 5,728.72 points.

The Shariah index also advanced 0.64% or 5.48 points to the level of 860.79 points.

Trading volume reached 62.71 million shares exchanged at OMR 8.21 million ($21.32 million) through 2,090 transactions.

The financial was the best performing sector with a rise of 1.3%, backed by Al Batinah Development and Investment Holding and Al Sharqiya Investment Holding which leapt by 3.45% and 3.33% respectively.

The industrial sector also grew 1.19% as Galfar Engineering and National Aluminium Products rose by 7.53% and 5.11% respectively, while Al Anwar Ceramic Tiles topped losers with a fall of 1.05%.

The services sector levelled up 0.31%, supported by a rise of 4.59% in Port Services Corporation, while Omantel declined 0.63%.

Out of 53 companies, 29 shares closed in green topped by Oman Textile Holding with a rise of 8.13%, whereas fiver others ended trading in red and the remaining 19 were flat.

Bank Nizwa was the largest-traded stock with a volume of 15.82 million shares, while Galfar Engineering made the highest liquidity with OMR 1.28 million ($3.32 million.

MSM 30 closed yesterday with a rise of 0.52% or 29.21 points to the level of 5,681.22 points.

Translated by: Elwy el-Manzalawy

Mubasher Contribution Time: 12-Apr-2016 10:52 (GMT)
Mubasher Last Update Time: 12-Apr-2016 10:52 (GMT)