Omani market rises 0.52% at close

Mubasher: The Muscat Securities Market (MSM) ended Monday’s session on a positive note as the main index, MSM 30, advanced 0.52% or 29.2 points to 5,681.22 points.

The Shariah index also rose 0.04% or 1.79 point to the level of 855.3 points.

Trading volume reached 41.46 million shares exchanged at OMR 6.9 million ($17.92 million) through 1,790 trades.

The financial was the best performing sector after adding 1%, backed by a rise of 6.35% and 6.1% in Gulf Investment Services and Al Batinah Development and Investment Holding respectively.

The industrial sector rose 0.93% as National Aluminium Products and Galfar Engineering leapt 7.31% and 6.9% respectively, while Oman Refreshment topped losers by falling 2.22%.

The services sector also grew 0.14% despite the drop in Port Services Corporation by 1.8%.

Out of 57 companies, 26 shares closed in green, seven others declined and the remaining 24 were flat.

Galfar Engineering was the largest-traded stock with a volume of 11.17 million shares, while Bank Muscat made the highest liquidity with OMR 1.38 million ($3.58 million).

MSM 30 advanced yesterday by 0.75% or 42.31 points to the level of 5,652.01 points.

Translated by: Elwy el-Manzalawy

Mubasher Contribution Time: 11-Apr-2016 10:38 (GMT)
Mubasher Last Update Time: 11-Apr-2016 10:38 (GMT)