Oman's share index ends marginally lower
By: United Securities
Muscat: The MSM index closed at 3,561.20 points, down 0.13 per cent from the previous close. The Sharia Index ended down 0.59 per cent at 536.11 points. Sharqiyah Desalination, up 7.14 per cent, was the top gainer while Al Sharqiya Investments, down 8.11 per cent, was the top loser. Shares of Phoenix Power were the most active in terms of the number of shares traded while Omantel shares were the most active in terms of turnover.
A total number of 610 trades were executed during the day's trading session, generating a turnover of OMR2.59 million, with more than 17.62 million shares changing hands. Out of 43 traded stocks, 5 advanced, 14 declined and 24 remained unchanged. At the session close, foreign investors were net sellers for OMR192,000 while domestic investors were net buyers for OMR152,000 followed by GCC & Arab investors for OMR40,000 worth of shares.