Sluggish trend continues at MSM
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).