MSM in­dex rises 0.3%; vol­umes down

Muscat Daily - - BUSINESS -

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).

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