Muscat, The value of trading on the Muscat Securities Market (MSM) in
RO53.6 million, recording a slight increase of 3.1 percent from its level in January last year
of RO52.9 million. While it recorded a decline of 13.8 percent from the level of last
December, amounting to RO62.2 million.
Last month’s trading was cautious by investors despite the good financial results
announced by leading companies listed in the market, especially banks that showed growth
in a number of their financial indicators.
In January, Bank Muscat and Al Jazeera Steel were the most heavily traded companies
with 23.7% of the total traded value of RO12.7 million for Bank Muscat and 16.1% of the
total value of shares traded at a value of RO8.6 million for Al Jazeera. Al Ahlia Insurance
and Omantel ranked third and fourth among the most traded companies in terms of
The index of Muscat Securities Market fell due to the cautiousness of investors. The
services sector index fell by 6.4 percent and closed at 2142 points after losing 147 points.
The index of Sharia market fell by 5 percent and closed at 562 points, down about 30
points. The industrial sector also fell by about 3.9 percent and closed at 4796 points, down
by 194 points.
The main index of the market fell by 3.6 percent and closed at 4166 points, down 157
points. The financial sector index fell by 1.9 percent, and closed at 6697 points, down by
In January, the prices of 14 shares rose, 42 shares declined and 21 shares maintained
their previous levels. Oman Chlorine recorded its best rise among public shareholding
companies. It closed at 320 baisas, up by 10.3 percent. Muscat Finance rose by 9.8
percent, 89 Baisa, and Oman Investment and Finance shares rose to 83 Baisa, up by
SMN Power was the top loser, closing at 239 baisa, down by 35 per cent. Gulf
Investment Services fell to 58 baisas, down by 19.4 per cent. Al-Madina Investment fell by
17 per cent to 29 baisas.
The market value of securities listed on the Muscat Securities Market declined by RO18
billion and 47 million at the end of last January, recording a loss of RO128.4 million from
last year’s level.
Purchase by non-Omani investors were valued at RO5 million, representing 7.8 per cent
of the total value of the sale, while their sale amounted to RO7 million representing 12.5 per
cent of the total value of trading.
The bond and sukuk market witnessed the execution of two deals, one of which was the
first issue of the Mithaq Sukuk. Fifteen thousand instruments were traded with a value of
RO15.000 and the price of the instrument closed at RO1, up by 100 baisas from its
previous closing. The second was the 51st issue of the government development bonds,
where 10 bonds were traded at RO100 per bond.
Source: Oman News Agency