MSM30 falls 0.43% on lower volumes
The benchmark index of the Muscat Securities Market (MSM) fell 0.43 per cent to close at 4,969.87 points on Sunday.
Trading activity remained weak as turnover fell 60.38 per cent to RO1.63 and volumes dropped 56.07 per cent to 3.82mn shares.
All the sectoral indices closed in red territory. While Financial and Industrial indices dropped by 0.25 per cent and 0.17 per cent, respectively, Services index fell 0.22 per cent. The MSM Shariah index closed down by 0.53 per cent at 731.17 points. Market breadth remained negative with three advancing stocks to eight decliners. The rest nine traded stocks closed flat for the day.
Only two gainers on the bourse were Ooredoo (0.94 per cent) and BankDhofar (0.92 per cent). Top losers were Omantel (-3.13 per cent), Oman Fisheries (-2.78 per cent), Alizz Islamic Bank (-2.7 per cent) and Al Madina Takaful (-1.89 per cent).