MSM in­dex rises 0.25%; vol­umes down

Muscat Daily - - BUSINESS -

Mus­cat - The bench­mark in­dex of the Mus­cat Se­cu­ri­ties Mar­ket (MSM) rose 0.25 per cent to close at 4,074.11 points on Sun­day.

Trad­ing ac­tiv­ity de­te­ri­o­rated from the pre­vi­ous ses­sion as turnover de­clined 29.73 per cent to RO2.47mn and vol­umes fell 6.02 per cent to 22.3mn shares.

The gains in the main in­dex were sup­ported by all the subindices. Fi­nan­cial in­dex rose 0.4 per cent, In­dus­trial in­dex climbed 0.96 per cent and Services in­dex rose 0.05 per cent.

The MSM Shariah in­dex closed up by 0.69 per cent at 553.43 points. To­tal Return in­dex closed up by 0.24 per cent at 4,340.74 points.

Mar­ket breadth re­mained pos­i­tive as 13 com­pa­nies closed up, while three com­pa­nies closed down. The rest 16 traded stocks closed flat for the day.

Top gain­ers were Al Jazeira Services (5.0 per cent), Ray­sut Ce­ment (3.73 per cent), Al­izz Is­lamic Bank (3.23 per cent) and Oman and Emi­rates In­vest­ment Hold­ing (2.94 per cent).

The three losers were Al Mad­ina In­vest­ment (-4.55 per cent), Al Suwadi Power (-1.41 per cent) and Re­nais­sance Services (0.6 per cent).

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