MSM30 falls 0.43% on lower vol­umes

Muscat Daily - - BUSINESS -

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).

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