MSM in­dex rises 0.44%; vol­umes down

Muscat Daily - - BUSINESS -

Muscat - The bench­mark in­dex of the Muscat Se­cu­ri­ties Mar­ket (MSM) rose by 0.44 per cent to close at 3,998.88 points on Wed­nes­day.

Trad­ing ac­tiv­ity de­te­ri­o­rated from the pre­vi­ous ses­sion as turnover de­clined 16.8 per cent to RO2.63 and vol­umes fell 22.18 per cent to 16.13mn shares.

The gains in the main in­dex were sup­ported by all the subindices. Fi­nan­cial In­dex rose 0.63 per cent, In­dus­trial In­dex climbed 1.72 per cent and Ser­vices In­dex rose 0.63 per cent.

The MSM Shariah in­dex closed up by 0.81 per cent at 540.41 points. To­tal Re­turn in­dex closed up by 0.44 per cent at 4,262.65 points.

Mar­ket breadth re­mained highly pos­i­tive as 22 com­pa­nies closed up, while five com­pa­nies closed down. The rest 11 traded stocks closed flat for the day.

Top gain­ers were Muscat Fi­nance (7.84 per cent), Al Shar­qiya In­vest­ment (7.79 per cent), Al Jazeera Steel (7.63 per cent) and Gulf In­vest­ment Ser­vices (7.58 per cent). Top losers were Oman Fish­eries (-1.24 per cent), Shar­qiyah De­sali­na­tion (-0.76 per cent), Sem­b­corp Salalah (-0.74 per cent) and Omin­vest (-0.59 per cent).

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