The Services and Banks & Investment (B&I) indices declined by 0.6% and 0.3% respectively. Index-linked scrips which contributed to the market decline were, Dhofar Cattlefeed, Oman Cement, Oman Textile Mills and Al Anwar Ceramic Tiles in the Industry Sector; NBO, DIDIC and United Finance in the B & I Sector; Oman Fisheries, Renaissance Services, Topaz and Shell in the Services Sector.
Total trading volume during the week amounted to RO 7.1 million, as compared to RO 9.9 million in the previous week. There were some large deals in NBO (1.1 million shares) and Dhofar Poultry (978,244 shares), with their share price declining by 3% and 30.7%, to RO 1.310 and RO 0.700 respectively. There was also a negotiated deal for 596,440 shares of Majan International Bank, at RO 1.020 per share. The actively traded scrips were Oman Investment & Finance Co. (405,700 shares), Majan Fund (208,100 units), Oryx Fund (195,000 units), Dhofar Cattlefeed (194,869 shares) and National Securities (174,000 shares).
There were 19 gainers and 23 losers during the week. The major gainers were Oman Investment & Finance Co. (+46.2%, closing price RO 1.330), Al Batinah Dev. & Inv. Holding (+6.5%, 330 bz), Al Shalman Securities (+6.3%, 670 bz), Construction Materials (+5.9%, 540 bz) and National Securities (+4.3%, 730 bz).
The major losers of the week were Dhofar Poultry (-30.7%, closing price 700 bz), Dhofar Cattlefeed (-5.4%, RO 1.570), Bank Muscat bonds (-4.2%, RO 2.760), OEIHC-Oman (-4.2%, 230 bz) and Renaissance Services (-3.8%, RO 1.510).
