MSM index inches down on weak activity
Muscat - The benchmark index of the Muscat Securities Market ( MSM) inched down by 0.09 per cent to close at 4,056.42 points on Wednesday.
Trading activity deteriorated from the previous session as turnover declined 46.91 per cent to RO1.73mn and volumes fell 51.62 per cent to 8.57mn shares.
While Financial index rose 0.05 per cent; Industrial and Services indices decreased 0.03 per cent and 0.69 per cent, respectively.
The MSM Shariah index closed up by 0.11 per cent at 550.88 points. Total Return index closed down by 0.09 per cent at 4,326.33 points.
Market breadth remained negative as only four companies closed up, while 13 companies closed down. The rest 22 traded stocks closed flat for the day.
The four gainers were HSBC Bank Oman (2.42 per cent), Oman Cables Industry (2.34 per cent), Sohar International Bank (0.9 per cent) and Al Anwar Ceramic Tiles (0.61 per cent).
Top losers were Oman Oil Marketing (-5.58 per cent), Oman Fisheries (-2.41 per cent), Bank Muscat (-2.22 per cent) and Muscat Finance (-1.79 per cent).