Trading value up

MUSCAT — Muscat Securities Market (MSM) index has witnessed a fall of 1.13 per cent in June to close at 5,689 points compared to 5,754 points in May. The monthly bulletin pointed out that the value of trading in June stood at RO 85.1 million or 6 per cent compared to May, which stood at RO 80.3 million. The market value amounted to RO 11.13 billion, a rise by 4.78 per cent compared to the previous month, which stood at RO 10.62 billion.

The bulletin said that the value of shares bought by non-Omani investors amounted to RO 20.7 million, comprising 24.31 per cent while the value of shares sold by non-Omani investors reached RO 13.3 million, comprising 15.66 per cent.

The net non-Omani investment rose by 8.6 per cent to RO 7.4 million. The index reached its peak in June when it reached 5,800 points on June 7, whereas it registered the lowest level at 5,652 points on June 28. The difference between the highest value and the lowest value for the index in June is 148.08 points.

The highest trading value in June was RO 10.84 million registered on June 10 and the lowest trading value was RO 1.58 on June 25. The average daily trading during the month was RO 4.48 million compared to RO 3.49 million during the previous month, a rise by 28.3 per cent. The number of trading days for the month stood at 19 compared to 23 days in May.

The bulletin pointed out that June witnessed an increase in the closing price for the shares of 28 companies out of 84, which have been traded. The shares of 41 companies closed in the red and the shares of 15 remained unchanged.
The registration screen for June pointed out that the companies which witnessed the highest change rate in terms of share price were Oman Oil Marketing Company, Omani Packaging Company, Oman Oryx Leasing Company, Al Maha Petroleum Products Marketing Company and Shell Oman Marketing Company. — ONA