Up­ward trend con­tin­ues at MSM

Muscat Daily - - BUSINESS -

Mus­cat - Con­tin­u­ing the up­ward trend which started on Sun­day, the bench­mark in­dex of the Mus­cat Se­cu­ri­ties Mar­ket (MSM) on Tues­day rose 0.72 per cent to close at 4,145.05 points.

Trad­ing ac­tiv­ity was lower on Tues­day com­pared to the pre­vi­ous ses­sion. Mar­ket turnover de­creased 1.5 per cent to RO4.24mn, while vol­umes dropped 9.6 per cent to 21.18mn shares.

The gain in MSM30 in­dex was sup­ported by all the sub-in­dices. Fi­nan­cial in­dex rose 0.67 per cent, In­dus­trial in­dex jumped 1.16 per cent and Ser­vices in­dex in­creased 0.22 per cent. The MSM Shariah in­dex closed up by 0.68 per cent at 563.52 points.

Mar­ket breadth re­mained pos­i­tive as 17 com­pa­nies closed up, while 11 com­pa­nies closed down. As many as 20 traded stocks closed flat for the day.

Top gain­ers were Oman Ce­ment Com­pany (5.4 per cent), Na­tional Fi­nance Com­pany (4.4 per cent) and Ray­sut Ce­ment Com­pany (4.0 per cent), re­spec­tively. Top lag­gards in­cluded Mus­cat In­sur­ance Com­pany (-8.5 per cent), Oman & Emi­rates In­vest­ment Hold­ing (-3.1 per cent) and Gulf In­ter­na­tional

Chem­i­cals Com­pany (-2.7 per cent), re­spec­tively.

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