MSM30 extends gains as volumes improve
Muscat - The benchmark index of the Muscat Securities Market (MSM) rose 0.1 per cent to close at 5,007.65 points on Tuesday.
Trading activity improved from the previous session as turnover increased 49.24 per cent to RO2.96mn and volumes increased 28.23 per cent to 15.01mn shares.
While the Industrial index fell 0.27 per cent; Financial and Services indices rose 0.21 per cent and 0.36 per cent, respectively. The MSM Shariah index closed down by 0.39 per cent at 710.62 points.
Market breadth remained negative as eight companies closed up, while 14 companies closed down. The rest 13 traded stocks closed flat for the day.
Top gainers were Oman & Emirates Investment Holding (5.68 per cent), Renaissance Services (4.58 per cent), Bank Muscat (2.53 per cent) and National Gas (1.03 per cent).
Top losers were Global Financial investments (-10.83 per cent), Muscat Thread Mills (-5.88 per cent), Alizz Islamic Bank (-2.53 per cent) and Al Madina Takaful (-2.11 per cent).