Muscat Daily

MSM up 0.25% amid weak trad­ing

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The bench­mark in­dex of the Mus­cat Se­cu­ri­ties Mar­ket (MSM) on Sun­day rose 0.25 per cent to closed at 3,602.46 points.

Trad­ing ac­tiv­ity re­mained weak dur­ing the ses­sion. Mar­ket turnover dropped nearly 80 per cent to RO795,290 from RO3.9mn recorded on Thurs­day, while trad­ing vol­ume fell 75 per cent at 5.84mn shares against 23.5mn in the pre­vi­ous ses­sion. Mar­ket breadth re­mained slightly neg­a­tive on Sun­day as ten stocks ad­vanced and 12 de­clined. As many as 16 traded stocks closed flat for the day.

While Fi­nan­cial and In­dus­trial in­dices de­creased by 0.17 per cent and 0.06 per cent re­spec­tively, Ser­vices in­dex recorded a gain of 0.63 per cent. MSM Sharia in­dex in­creased 0.55 per cent and closed at 518.74 points.

Top gain­ers were Al Jazeira Ser­vices (5.59 per cent), SMN Power Hold­ing (5.13 per cent) and BankDho­far (3.88 per cent). Top losers were United Fi­nance (-8.77 per cent), Gulf In­vest­ment Ser­vices Hold­ing (-8.51 per cent) and Mus­cat Fi­nance (-6.98 per cent).

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