MSM30 declines 0.17%; volumes up

Muscat - The benchmark index of the Muscat Securities Market (MSM) fell 0.17 per cent to close at 5,121.71 points on Wednesday.

Trading activity improved from the previous session as turnover increased by 5.68 per cent to RO2.26mn and volumes rose 5.96 per cent to 13.42mn shares.

While the Financial index fell by 0.01 per cent; Industrial and Services indices rose by 0.55 per cent and 0.19 per cent, respectively. The MSM Shariah index closed up by 0.17 per cent at 747.01 points. Market breadth remained slightly positive as nine companies closed up, while eight companies closed down. The rest 14 traded stocks closed flat for the day.

Top gainers were Gulf Investments Services (2.6 per cent), Al Sharqia Investment Holding (1.91 per cent), Oman Flour Mills (1.85 per cent) and Al Anwar Ceramic Tiles (1.56 per cent).

Top losers were Al Suwadi Power (-4.76 per cent), Al Batinah Power (-2.1 per cent), BankDhofar (-1.44 per cent) and Omantel (-1.1 per cent).