muscat bourse declines on weak sentiment
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Muscat bourse declines on weak sentiment

Arab Today, arab today

Arab Today, arab today Muscat bourse declines on weak sentiment

Muscat Securities Market
Muscat - Arab Today

Shares on the Muscat Securities Market edged down again on weak market sentiment. The MSM30 index fell by 0.14 per cent to close at 5,799.92 points. The MSM Sharia Index ended flat to close at 860.18 points. Al Anwar Holding was the most active in terms of volume as well as turnover. Oman Textile Holding remained the top gainer, up by 16.11 per centwhile Al Batinah Development was the top loser, down by 8.16 per cent.

As many as 925 trades were executed on Monday, generating turnover of OMR3.47 million with 15.23 million shares changing hands. Out of 43 traded securities, 10 advanced, 14 declined and 19 remained unchanged. Omani investors were net buyers for OMR613,000 while foreign investors were net sellers for OMR478,000 followed by GCC and Arab investors for OMR135,000 worth of shares. 

Financial Index gained by 0.07 per cent to close at 8,210.62 points. Al Anwar Holding, Al Madina Investment, Muscat Finance and Oman United Insurance increased by 2.43 per cent, 1.45 per cent,0.72 per cent and 0.50 per cent, respectively. Al Batinah Development, Bank Muscat, Taageer Finance and Al Shariqya Investment declined by 8.16 per cent, 1.69 per cent, 1.46 per cent and 0.78 per cent, respectively.

Industrial Index fell by 0.22 per cent to close at 8001.30 points. Oman Textile Holding, Gulf International Chemicals and Oman Cables Industry increased by 16.11 per cent, 2.11 per cent and 0.62 per cent, respectively. Construction Material Industry, Oman Fisheries, Galfar Engineering and Al Anwar Ceramic declined by 2.94 per cent, 2.14 per cent, 2.13 per cent and 1.2 per cent, respectively.

Services Index was down by 0.11 per cent to close at 3,026.02 points, marginally down by 0.02 per cent. Oman Telecommunications Company was the only gainer and was up by 0.36 per cent to close at 1.375. Port Services, Phoenix Power, Al Jazeira Services and OIFC declined by 2.58 per cent, 0.69 per cent, 0.50 per cent and 0.43 per cent, respectively.

Sensex bounces back

India’s benchmark S&P BSE benchmark Sensex bounced back by 216 points to close at 29,048.19 and the NSE 50-share Nifty by 66 points to end at 8,963.45 on fresh buying mainly in Energy, Refinery, Auto, Power and Industrial sectors on the back of strong foreign capital inflows.

Market sentiment was positive as the Goods and Services Tax (GST) Council, in its meeting held on last Saturday approved the draft CGST Bill and the draft IGST Bill.

The Sensex resumed higher at 28,859.21 and hovered in a range of 29,070.20 and 28,856.12 before ending at 29,048.19 , showing a gain of 215.74 points or 0.75 per cent.

The NSE 50-share Nifty also rose by 65.90 points or 0.74 per cent to end at 8,963.45.

Praveen Nagda, CEO of Peregrine Public Relations Pvt. Ltd said after a dull ending last week, markets opened in green on Monday, with major indices reclaiming their major resistance levels.

Reliance Industries zoomed over 3 per cent, as it extended its 9-year high. Investor sentiment continued to be bullish on the conglomerate’s telecom and energy prospects, which has been driving the stock to scale fresh highs.

In Overseas market, Asian stocks witnessed a mixed trend. US stock markets registered gains on last Friday, while Federal Reserve Chair Janet Yellen put an exclamation point on the possibility of a rate hike this month. Key indices like China, Hongkong, South Korea and Taiwan firmed up by 0.13 per cent to 0.48 per cent while indices in Japan and Singpaore eased by 0.03 per cent to 0.46 per cent.

Source : Times Of Oman 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

muscat bourse declines on weak sentiment muscat bourse declines on weak sentiment

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

muscat bourse declines on weak sentiment muscat bourse declines on weak sentiment

 



GMT 10:10 2017 Thursday ,09 February

3 Important Elements You Have to Consider

GMT 04:03 2017 Monday ,24 April

Bella Hadid ‘dying’ to visit Palestine

GMT 19:25 2016 Wednesday ,25 May

The Brooklyn Desk by Oeuf NYC

GMT 07:49 2018 Friday ,05 January

2 Russian servicemen killed

GMT 07:58 2018 Monday ,01 January

Italy orders N. Korea's envoy to leave

GMT 08:45 2017 Wednesday ,20 December

US military imagines war without GPS

GMT 17:26 2017 Sunday ,17 December

Putin thanks Trump for help in foiling attack plot

GMT 22:19 2017 Monday ,16 October

Cairo-hosted Fatwa conf. new contribution

GMT 02:27 2016 Friday ,10 June

Video hints Japan abetting illegal ivory trade

GMT 07:04 2017 Wednesday ,19 April

1,883 Bahrainis found jobs in March

GMT 14:24 2016 Tuesday ,22 November

Citi and JPMorgan top list of ‘globally banks’

GMT 21:43 2017 Friday ,01 September

People question Nazaruddin`s repatriation expenses

GMT 09:41 2017 Wednesday ,19 April

OIC concerned over violence in Mali

GMT 01:30 2017 Friday ,27 October

May22/Jun21

GMT 05:38 2016 Friday ,30 December

Dubai Airports divert 13 flights due to heavy fog

GMT 11:38 2017 Saturday ,14 January

Mexico names new ambassador to US

GMT 12:03 2017 Wednesday ,22 March

Kuwait to mark World Water Day

GMT 15:00 2017 Wednesday ,27 September

HM King receives invitation from Egyptian President

GMT 02:45 2017 Tuesday ,05 December

President Bashir arrives in Chad

GMT 02:45 2017 Wednesday ,16 August

Turkmen President Visits Pakistan
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday