MSM in­dex rises 0.32%; vol­umes down

Muscat Daily - - BUSINESS -

Mus­cat - The bench­mark in­dex of the Mus­cat Se­cu­ri­ties Mar­ket (MSM) rose 0.32 per cent to close at 4,073.51 points on Sun­day.

Trad­ing ac­tiv­ity de­te­ri­o­rated from the pre­vi­ous ses­sion as turnover de­clined 43.53 per cent to RO2.47mn and vol­umes fell 35.68 per cent to 14.41mn shares.

While Fi­nan­cial in­dex rose 0.3 per cent; In­dus­trial and Ser­vices in­dices fell 0.36 per cent and 0.1 per cent, re­spec­tively.

The MSM Shariah in­dex closed up by 0.18 per cent at 547.58 points. To­tal Re­turn in­dex closed up by 0.36 per cent at 4,344.56 points.

Mar­ket breadth re­mained neg­a­tive as 11 com­pa­nies closed up, while 14 com­pa­nies closed down. The rest 14 traded stocks closed flat for the day.

Top gain­ers were United Fi­nance (8.86 per cent), Oman­tel (1.99 per cent), Al An­war Ce­ramic Tiles (1.88 per cent) and Mus­cat Fi­nance (1.79 per cent).

Top losers were Gal­far En­gi­neer­ing & Con­tract­ing (-5.48 per cent), Al Mad­ina In­vest­ment (-4.0 per cent), Na­tional Gas (-3.36 per cent) and Oman and Emi­rates In­vest­ment Hold­ing (-2.99 per cent).

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