Recovery continues on Muscat bourse

Muscat: Recovery continued on the Muscat Securities Market (MSM) with the general index edging up 0.15 per cent to close at 5421.20 points.
MSM Sharia Index closed at 859.48 points, up by 0.22 per cent. Bank Nizwa was the most active in terms of volume while Al Anwar Holding was the most active in terms of turnover. Gulf Investment Services, up by 5.56 per cent, was the top gainer while United Finance was the top loser, down by 3.10 per cent.
As many as 451 trades were executed on Monday, generating a turnover of OMR1.35 million with 7.68 million shares changing hands. Out of 29 traded securities, five advanced, four declined and 20 remained unchanged. Foreign investors were net buyers to the tune of OMR153,000 worth of shares followed by GCC and Arab investors at OMR32,000. Omani investors, who were net sellers, sold shares amounting to OMR185,000.
Financial Index closed at 6,513.92 points, up by 0.20 per cent. Gulf Investment Services and Al Madina Takaful increased by 5.56 per cent and 1.25 per cent, respectively. United Finance and Bank Muscat declined by 3.10 per cent and 0.42 per cent, respectively.
Industrial Index ended at 6,777.12 points, down by 0.10 per cent. Gulf International Chemicals was the only gainer in the sector and was up by 1.54 per cent to close at OMR0.260. Oman Cables was the only loser in the sector and was up by 1.13 per cent to close at OMR1.750.
Services Index closed at 3,069.16 points, up by 0.08 per cent. Oredoo Oman was the only gainer in the sector and was up by 1.69 per cent to close at OMR0.720. Al Jazeira Services was the only loser in the sector and was down by 2.50 per cent to close at OMR0.312.