MSM30 rises 0.05%; volumes jump
Muscat - The benchmark index of Muscat Securities Market (MSM) rose 0.05 per cent to close at 4,997.77 points on Tuesday.
Trading activity improved from the previous session as turnover jumped by 69.99 per cent to RO5.07mn and volumes surged 94.84 per cent to 21.61mn shares.
While the Industrial and Services indices rose by 0.02 per cent and 0.06 per cent, respectively; the Financial index fell 0.2 per cent. The MSM Shariah index closed down by 0.17 per cent at 741.31 points. Market breadth remained negative as five companies closed up, while nine companies closed down. The rest 18 traded stocks closed flat for the day.
Top gainers were Galfar Engineering & Contracting (1.37 per cent), Al Sharqiya Investment Holding (0.95 per cent), Ooredoo (0.92 per cent) and Omantel (0.9 per cent).
Top losers were Al Madina Takaful (-2.61 per cent), Port Services Corporation (-2.37 per cent), National Aluminium Products (-2.24 per cent) and Gulf Investment Services (-1.27 per cent).