MSM30 declines 0.19% as volumes fall

The benchmark index of the Muscat Securities Market (MSM) fell by 0.19 per cent at 5,063.85 points on Tuesday.

Trading activity remained weak as turnover decreased by 8.65 per cent to RO2.59mn and volumes fell 3.81 per cent to 12.27mn shares compared to the previous session.

While the Financial and Industrial indices rose by 0.26 per cent and 0.59 per cent, respectively; Services index fell by 0.26 per cent. The MSM Shariah Index marginally declined at 755.44 points.

Market breadth remained positive as 14 companies closed up, while eight companies closed down. The rest ten traded stocks closed flat for the day.

Top gainers were Oman Fisheries (6.72 per cent), Al Sharqiya Investment Holding (4.76 per cent), Al Madina Investment (4.62 per cent) and Al Anwar Ceramic Tiles (4.13 per cent). Top losers were Salalah Port Services (-4.43 per cent), Al Jazeera Steel Products (-4 per cent), Ooredoo (-1.76 per cent) and Oman United Insurance (-1.75 per cent).