MSM 30 ends 7-day loss run, gains 49 points

Mubasher: Muscat Securities Market’s (MSM) benchmark index, MSM 30, on Monday jumped 0.92% or about 49.3 points to 5,404.2 points, after a full week of losses.

Sharia Index rose 1.13% or 9.6 points to close at 862 points.

Trading value reached OMR 47.88 million, versus OMR 1.5 million yesterday, and trading volume surged to 31.39 million shares from 6.5 million shares.  The total number of transactions reached 850.

Meanwhile, the industrial sector came first as it gained 1%, then the financial and services sectors which added 0.76% and 0.11%, respectively. The red list was empty.    

Out of 38 companies, 20 shares closed higher, four declined and 14 stood at the same rates.

The United Finance share topped the gainers with a growth of 3.6%, while the Construction Material Industry share was the lowest with a fall of 2.9%.

Recording the heaviest volume, Oman Cables Industry saw trading of 14.7 million shares valued at around OMR 44.2 million, while the stock gained 2.9%.

MSM 30 closed Sunday in the red zone for the seventh consecutive day.

 

Mubasher Contribution Time: 21-Dec-2015 09:48 (GMT)