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MSM shares end on a negative note.

Muscat: The MSM MSM - Micronetics Standard MUMPS  index ended on a negative note amid successful debut of Bank Nizwa IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard.  and closed at 5756.87 points, down by 0.49 per cent.

Bank Nizwa was the most active in terms of volume as well as turnover. It was the top gainer for the day and closed up by 12.75 per cent on its first day of trading while Ominvest was the top loser for the day and was down by 5. 56 per cent.

A total number of 3,869 trades were executed in yesterday's trading session generating turnover of RO10.84 million with over 90.43 million shares changing hands. The market breadth was in favour of decliners. Out of 26 traded stocks, three advanced, 12 declined, and 11 remained unchanged.

GCC and Arab investors were net buyers for RO408,000 followed by Omani investors for RO41,000 while foreign investors were net sellers for RO449,000 worth of shares.

Financial Sector Index was up by 0.95 per cent and closed at 6594.36 points. Bank Nizwa was the only gainer and was up by 12.75 per cent on its initial public offering debut and closed at RO0.115. Ominvest, Global Financial Investment, BankDhofar, Al Anwar Holding and BankMuscat declined by 2.57 per cent, 2.25 per cent, 1.60 per cent, 0.82 per cent and 0.35 per cent, respectively.

The Industrial Sector Index was down by 0.37 per cent and closed at 6876.80 points. Oman Fisheries, Oman Cable Industries, Galfar Engineering, Raysut Cement and Oman Cement declined by 1.77 per cent, 1.44 per cent, 1.21 per cent, 0.22 per cent and 0.15 per cent, respectively.

Services Sector Index was marginally down by 0.09 per cent to close at 2642.71 points. Sohar Power and Oman Investment and Finance Company (OIFC OIFC Oman Investment & Finance Company ) increased by 0.80 per cent and 0.46 per cent, respectively.

Al Jazeira Services and Renaissance Services declined by 3.56 per cent and 0.19 per cent, respectively.

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Publication:Times of Oman (Muscat, Oman)
Date:Jun 11, 2012
Words:374
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