MSM30 ex­tends gains; vol­umes down

Muscat Daily - - BUSINESS -

The bench­mark in­dex of the Muscat Se­cu­ri­ties mar­ket (MSM) rose 0.6 per cent to close at 5,114.67 points on Tues­day.

Trad­ing ac­tiv­ity de­te­ri­o­rated from the day be­fore as turnover fell 30.29 per cent to RO1.56mn and vol­umes dropped 5.19 per cent to 6.05mn shares.

While the Ser­vices in­dex rose by 0.38 per cent; Fi­nan­cial and In­dus­trial indices fell 0.26 per cent and 0.81 per cent, re­spec­tively. The MSM Shariah in­dex closed up by 0.02 per cent at 730.41 points.

Mar­ket breadth re­mained neg­a­tive as four com­pa­nies closed up, while 15 com­pa­nies closed down. The rest 14 traded stocks closed flat for the day.

Top gain­ers were Oman­tel (5.33 per cent), Oore­doo (2.32 per cent), Gulf In­vest­ment Ser­vices (1.22 per cent) and Bank Muscat (1.01 per cent). Top losers were Oman Chlo­rine (-9.84 per cent), Oman Na­tional En­gi­neer­ing & In­vest­ment (-4.76 per cent), Oman Ca­bles In­dus­try (-4.65 per cent) and Re­nais­sance Ser­vices (-2.77 per cent).

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