Buoyancy continues on Muscat bourse

The MSM30 index ended on a positive note for the fifth day in a row and closed at 5975.31 points, up by 0.30 per cent. Gulf Investment Services was the most active in terms of volume, while BankMuscat was the most active of turnover. National Mineral Water was the top gainer for the day to close up by 9.52 per cent, while Dhofar Cattle Feed lost the most and was down by 2.65 per cent.

A total number of 1,649 trades were executed in yesterday’s trading session generating turnover of RO4.95 million with over 20.12 million shares of trading volume. The market breadth was in favour of advancers. Out of 54 traded stocks, 11 declined, 27 advanced and 16 remained unchanged. Omani investors were net buyers for RO361,000 followed by GCC and Arab investors for RO148,000 while foreign investors were net sellers for RO510,000 worth of shares.

Banking and Investment Index was up by 0.87 per cent and closed at 6956.50 points. Gulf Investment Services, Transgulf Holding, Financial Services, Al Anwar Holding and Ominvest increased by 6.25 per cent, 5 per cent, 2.50 per cent, 2.46 per cent and 2.14 per cent, respectively. Oman& Emirates and ONIC Holding declined by 0.79 per cent and 0.41 per cent, respectively.

The Industrial Sector Index closed at 6524.36 points, down by 0.41 per cent. National Mineral Water, Gulf International Chemicals, Oman Cement, Oman Fisheries and Jazeera Steel Product increased by 9.52 per cent, 3.23 per cent, 2.14 per cent, 1.94 per cent and 0.73 per cent, respectively. Dhofar Cattlefeed, Al Hassan Engineering and National Aluminium declined by 2.65 per cent, 1.50 per cent and 0.52 per cent, respectively.

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