MSM30 falls 0.78%; volumes surge
Muscat - The benchmark index of the Muscat Securities Market (MSM) fell by 0.78 per cent to close at 5,024.24 points on Monday.
Trading activity improved from the previous session as turnover jumped by 174.43 per cent to RO3.04mn and volumes surged 131.42 per cent to 11.49mn shares.
All the sectoral indices closed in red territory. While the Financial and Services indices fell by 0.59 per cent and 0.21 per cent, respectively; the Industrial index declined by 0.7 per cent. The MSM Shariah index closed down by 0.9 per cent at 741.36 points.
Market breadth remained negative as four companies closed up, while 16 companies closed down. The rest 11 traded stocks closed flat for the day.
The four gainers were National Gas (1.33 per cent), Phoenix Power (0.85 per cent), Al Jazeera Steel Products (0.83 per cent) and Bank Muscat (0.54 per cent).
Top losers were Raysut Cement (-6.64 per cent), National Bank of Oman (-2.36 per cent), Ooredoo (-2.27 per cent) and Oman National Engineering And Investment (-1.92 per cent).