MSM index rises 0.32%; volumes down
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).