MSM index rises 0.25%; volumes down
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).