MSM30 jumps 0.99%; vol­umes up

Muscat Daily - - BUSINESS -

Muscat - The bench­mark in­dex of the Muscat Se­cu­ri­ties Mar­ket (MSM) rose 0.99 per cent to close at 4,530.55 points on Wed­nes­day.

While turnover de­clined by 5.7 per cent to RO3.75mn, vol­umes in­creased 34.55 per cent to 20.56mn shares.

The gains in the main in­dex were sup­ported by all the subindices. The Fi­nan­cial in­dex rose 0.39 per cent, In­dus­trial in­dex climbed 0.88 per cent and Ser­vices in­dex rose 1.2 per cent. The MSM Shariah in­dex closed up by 0.6 per cent at 620.93 points.

Mar­ket breadth re­mained highly pos­i­tive as 22 com­pa­nies closed up, while eight com­pa­nies closed down. The rest eight traded stocks closed flat for the day.

Top gain­ers were Muscat Gases (8.17 per cent), Ray­sut Ce­ment (7.94 per cent), Na­tional Gas (5.81 per cent) and Oman­tel (5.74 per cent).

Top losers were Al Mad­ina In­vest­ment (-4.55 per cent), Gal­far Engi­neer­ing & Con­tract­ing (-1.92 per cent), Al­izz Is­lamic Bank (-1.16 per cent) and Bank So­har (-0.78 per cent).

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