MSM in­dex closes flat as vol­umes de­cline

Muscat Daily - - BUSINESS -

The gen­eral in­dex of the Mus­cat Se­cu­ri­ties Mar­ket (MSM) closed al­most flat on Sun­day at 4,126.05 points amid weak trad­ing ac­tiv­ity.

Among sec­toral in­dices, Fi­nan­cial in­dex in­creased 0.02 per cent, while In­dus­trial and Ser­vices in­dices de­creased by 0.31 per cent and 0.01 per cent, re­spec­tively. The MSM Shariah in­dex closed down by 0.05 per cent at 563.19 points.

Trad­ing ac­tiv­ity dropped on Sun­day com­pared to the pre­vi­ous ses­sion. To­tal mar­ket turnover fell more than 38 per cent to RO2.17mn from RO3.53mn recorded on Thurs­day. Trad­ing vol­umes fell more than 43 per cent at 9.48mn shares com­pared to 16.8mn shares in the pre­vi­ous ses­sion.

Mar­ket breadth on Sun­day re­mained pos­i­tive as nine com­pa­nies closed up, while six com­pa­nies closed down. As many as 23 traded stocks closed flat for the day.

Top gain­ers in­cluded HSBC Bank

Oman (1.7 per cent), Mus­cat Fi­nance (1.6 per cent) and Gulf In­vest­ments Ser­vices (1.4 per cent). Top losers of the day were Al Maha Petroleum Prod­ucts Mar­ket­ing (-2.8 per cent), Al An­war Ce­ramic Tiles (-1.8 per cent) and Ray­sut Ce­ment (-1.5 per cent).

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