oman shares fall taking cues from regional bourses
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Oman shares fall taking cues from regional bourses

Egypt Today, egypt today

Egypt Today, egypt today Oman shares fall taking cues from regional bourses

Muscat Securities Market
Muscat - Arab Today

Following regional cues, the MSM30 Index dropped 0.22 per cent to finish at 5,617.68 points. The MSM Sharia Index closed at 843.70 points, down 0.32 per cent. Bank Sohar was the most active in terms of volume while Omantel was the most active in terms of turnover. Up 7.27 per cent, Al Hassan Engineering remained top gainer while Al Jazeera Services was top loser, down 8.95 per cent.

A total number of 452 trades were executed on Wednesday, generating turnover of OMR3.02 million with 9.2 million shares changing hands. Out of 45 traded securities, 7 advanced, 13 declined and 25 remained unchanged. GCC and Arab investors switched to net buyers for OMR148,000 while Omani investors were net sellers for OMR105,000 followed by foreign investors for OMR43,000 worth of shares. 

Financial Index closed at 7,945.49 points, down 0.35 per cent. Financial Corporation, Takaful Oman, Al Izz Bank, Oman United Insurance and Gulf Investment Services increased 8.89 per cent, 2.38 per cent, 1.43%, 0.97 per cent and 0.89 per cent respectively. Oman & Emirates Holding, HSBC Bank Oman and Bank Muscat declined 2.27 per cent, 1.54 per cent and 1.52 per cent respectively.

Industrial Index declined 0.12 per cent to close at 7,869.14 points. Al Hassan Engineering, Oman Fisheries and National Aluminium gained 14.58 per cent, 2.84 per cent and 0.57 per cent respectively. Al Jazeera Steel, Gulf International Chemicals and Voltamp Energy decreased 4.35 per cent, 1.03 per cent and 0.71 per cent respectively.

Services Index ended negatively at 2,940.50 points, down 0.27 per cent. Omantel, Port Services and OIFC gained 1.82 per cent, 1.02 per cent and 0.43 per cent respectively. Al Maha Petroleum, Ooredoo, Sembcorp Salalah, Phoenix Power and Al Batinah Power lost 7.03 per cent, 6.80 per cent, 0.82 per cent, 0.70 per cent and 0.55 per cent respectively.

Sensex declines

The S&P BSE benchmark Sensex showed a biggest single day fall of 318 points after 3-1/2 month to close at 29,167.68 due to selling pressure mainly in Telecom, Consumer Durable, Auto, FMCG, Industrial and Metal sectors on the back lower global cues.

Persistent foreign capital inflows failed to restrict the Sensex fall.

The NSE 50-share nifty also showed a biggest single day fall of 91.05 points to close at 9,030.45.

The Sensex resumed lower at 29,341.41 and fell further to 29,137.48 before ending at 29,167.68, showing a loss of 317.77 points or 1.08 per cent.

The Sensex had last dropped by 329.26 points of 1.24 per cent on December 2, 2016.

Anupam Singhi, COO of William O’Neil India said, "The benchmark indices extended losses for a third straight session, amid weak global market cues. The same trend was observed on peer share markets as investors remained cautious following the news of North Korea failing a nuclear test and developments on the US President Donald Trump’s tax cut probability.

In Overseas, Asian stocks ended lower as investors re-evaluated their optimism around the ‘Trump trade.' Key indices in China, Hong Kong, Japan, Singapore, South Korea and Taiwan fell by 0.46 per cent to 2.13 per cent.

European markets were trading lower amid increasing concerns regarding US President Donald Trump's economic growth agenda. Key indices like France, Gemany and UK's FTSE was quoted lower by 0.75 per cent to 0.90 per cent.

Source : Times Of Oman

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oman shares fall taking cues from regional bourses oman shares fall taking cues from regional bourses



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