Recovery continues on Muscat bourse

Muscat: Recovery continued on the Muscat bourse with the MSM 30 Index ending higher at 5,739.47 points, up by 0.53 per cent. The MSM Sharia Index also ended at 863.35 points, up by 0.08 per cent.
Bank Sohar was the most active in terms of volume while Oman Cement led in terms of turnover. Al Hassan Engineering was the top gainer on Wednesday, up by 6.17 per cent while National Hospitality institute was the top loser, down by 74.05 per cent.
As many as 1,046 trades were executed on Wednesday, generating turnover of OMR5.79 million with 30.23 million shares changing hands. Out of 46 traded securities, 10 advanced, 17 declined and 19 remained unchanged. Foreign investors were net buyers to the tune of OMR159,000 worth of shares followed by GCC and Arab investors at OMR144,000. Omani investors who were net sellers, sold shares amounting to OMR303,000.
Financial Index closed at 7,306.54 points, up by 0.42 per cent. Bank Sohar and United Finance increased by 4.27 per cent and 2.26 per cent, respectively. Al Sharqiya Investment, Oman & Emirates, Gulf Investment Services and Al Madina Investment declined by 1.72 per cent, 1.61 per cent, 1.59 per cent and 1.59 per cent, respectively.
Industrial Index advanced by 0.19 per cent to close at 6,979.98 points. Al Hassan Engineering and Galfar Engineering increased by 6.17 per cent and 4.21 per cent, respectively. Jazeera Steel Product, Gulf International Chemicals, Oman Cement and Al Anwar Ceramic declined by 1.16 per cent, 0.75 per cent, 0.41 per cent and 0.36 per cent, respectively.
Services Index closed at 3,171.92 points, up by 0.31 per cent. OIFC, Al BatinahPower, Oreedoo Oman and Oman Telecommunications Company increased by 5.83 per cent, 1.90 per cent, 1.09 per cent and 0.64 per cent, respectively. National Hospitality Institute, Al Maha Petroleum, SMN Power Holding, Port Services and Al Jazeira Services declined by 74.05 per cent, 4.48 per cent, 2.19 per cent, 0.45 per cent and 0.40 per cent, respectively.