The Omani capital market concluded today's trading session with a 0.05% increase in the MSX index to 7,832.25 points. Additionally, the Sharia Index rose by 0.39% to reach 640.75 points.
Market Developments and Company Performance
On this day, Muscat Insurance was announced as the main market winner with a 9.90% increase. On the other hand, Phoenix Power ranked among the biggest losers with a 9.97% decrease. Furthermore, shares of Bank Sohar led in terms of the number of shares traded and transaction value.
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Transaction Details and Investor Status
In total, 9,808 transactions were conducted during today's trading session, resulting in a turnover of 82.46 million Omani and over 273.99 million shares were traded. Of the 70 securities traded, 25 increased, 11 decreased, and 34 remained unchanged. At the end of the session, investors from the Gulf Cooperation Council and Arab countries were net buyers worth 1,353,000 Omani, while foreign investors faced a net sale of 1,290,000 Omani and domestic investors faced sales worth 62,000 Omani.
The financial index also increased by 0.14% to 14,017.48 points. The share prices of Muscat Insurance, Oman and Emirates Investment, Muscat Finance, Dofar Bank, and Oman and Qatar Insurance increased by 9.90%, 4.17%, 1.52%, 1.36%, and 1.12% respectively. In contrast, the share prices of Arab Bank Oman, Oman Financing, Al Sharqiya Investment, National Financing, and Oman and United Insurance decreased by 8.36%, 3.28%, 0.97%, 0.93%, and 0.61% respectively.
The industrial index also increased by 0.44% to 10,218.41 points. The share prices of Salalah Flour Mills, Oman Fisheries, Gulf Mushroom Products, and Oman Cables Industries increased by 4.71%, 4.55%, 3.03%, and 0.29% respectively. Conversely, the share prices of OMIFCO and Anwar Ceramics decreased by 1.68% and 0.61% respectively.
The services index decreased by 0.55% to 3,118.70 points. The share prices of Barka Desalination, Muscat Desalination, SMN Power Holding, and Abraaj Energy increased by 3.73%, 2.15%, 1.09%, and 0.94% respectively, while Phoenix Power's share price decreased by 9.97%.
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