Slug­gish trend con­tin­ues at MSM

Muscat Daily - - BUSINESS -

Mus­cat - The bench­mark in­dex of the Mus­cat Se­cu­ri­ties Mar­ket (MSM) de­creased by 0.08 per cent to close at 4,017.61 points on Tues­day.

Trad­ing ac­tiv­ity im­proved from the pre­vi­ous ses­sion as turnover jumped by 59.7 per cent to RO1.87mn and vol­umes in­creased 37.02 per cent to 9.12mn shares.

All the sec­toral in­dices closed in red ter­ri­tory. Fi­nan­cial in­dex fell 0.02 per cent, In­dus­trial in­dex de­clined 0.49 per cent and Ser­vices in­dex fell 0.68 per cent.

The MSM Shariah in­dex closed down by 0.28 per cent at 549.73 points. To­tal Re­turn in­dex closed down by 0.08 per cent at 4,283.66 points.

Mar­ket breadth re­mained neg­a­tive as four com­pa­nies closed up, while 19 com­pa­nies closed down. The rest 17 traded stocks closed flat for the day.

The four gain­ers were Omin­vest (1.79 per cent), Sem­b­corp Salalah (1.6 per cent), Shell Oman Mar­ket­ing (1.27 per cent) and Bank Nizwa (1.06 per cent).

Top losers were Mu­san­dam Power Co (-9.94 per cent), Oman Qatar In­surance (-5.1 per cent), Oman Oil Mar­ket­ing Com­pany (-4.47 per cent) and Al An­war Ceramic Tiles (-2.78 per cent).

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