The MSX index closed at 4,627.06 points in Muscat, representing a decrease of 0.63% from the previous close. The Sharia Index, on the other hand, ended up by 0.42% at 443.94 points. Aman REIT was the top gainer, with an increase of 6.59%, while Gulf International Chemicals was the top loser, with a decline of 10%. Sohar International Bank was the most active in terms of the number of shares traded, while Oman Cables Industry was the most active in terms of turnover.
During the trading session, a total of 765 trades were executed, generating a turnover of OMR3.02 million, with over 13.55 million shares changing hands. Out of the 47 traded securities, 12 advanced, 17 declined, and 18 remained unchanged. At the session close, domestic investors were net buyers for OMR194,000, while foreign investors were net sellers for OMR186,000, followed by GCC & Arab investors for OMR8,000 worth of shares.
The Financial Index closed at 7,523.51 points, down by 0.2%. Prices of Bank Nizwa and Oman Arab Bank were up by 0.97% and 0.72% respectively, while prices of OMINVEST, Sohar International Bank, and Bank Muscat were down by 1.77%, 1.46%, and 0.40% respectively. The Industrial Index closed at 5,915.97 points, down by 0.73%. Prices of Oman Cables Industry and Oman Cement were up by 0.67% and 0.25% respectively, while prices of Gulf International Chemicals, Al Maha Ceramics, Galfar Engineering, Oman Flour Mills, and Al Anwar Ceramics were down.
The Services Index was down by 0.68% before closing at 1,805.76 points. Prices of Al Jazeera Services, Al Batinah Power, Renaissance Services, SMN Power Holding, and Oman Education & Training were up, while prices of Phoenix Power, Barka Desalination, Oman Telecom, National Gas, and Muscat Desalination were down. Overall, the market saw mixed performance across various sectors, with fluctuations in prices and trading activity observed throughout the day.
Investors in the Omani market will need to closely monitor market trends and stay updated on the performance of different securities to make informed investment decisions. With a diverse range of sectors represented in the market, opportunities for growth and potential risks are present. By staying informed and conducting thorough research, investors can navigate the market effectively and capitalize on opportunities for portfolio growth.
