MSM index rises 0.3%; volumes down
The benchmark index of the Muscat Securities Market (MSM) rose by 0.3 per cent at 4,081.61 points on Sunday.
Trading activity deteriorated from the previous session as turnover declined 48.97 per cent to RO1.0mn and volumes fell 44.06 per cent to 4.62mn shares.
All the sectoral indices closed in green territory. Financial index rose 0.27 per cent. Industrial index inched up 0.04 per cent. Services index rose 0.11 per cent.
The MSM Shariah index closed down by 0.03 per cent at 552.63 points. Total Return index closed up by 0.3 per cent at 4,353.2 points.
Market breadth remained positive as 10 companies closed up, while seven companies closed down. The rest 21 traded stocks closed flat for the day.
Top gainers were Oman Investment And Finance (2.56 per cent), Ahli Bank (2.22 per cent), Galfar Engineering & Contracting (1.47 per cent) and Bank Muscat (0.91 per cent).
Top losers were Sohar Power (-1.72 per cent), Phoenix Power (-1.49 per cent), Gulf Investments Services (-1.35 per cent) and Oman Cables Industry (-1.31 per cent).