MSM in­dex inches down on weak ac­tiv­ity

Muscat Daily - - BUSINESS -

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).

MSM30 Turnover

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