MSM30 DECLINES AS FINANCIAL STOCKS TUMBLE

MUSCAT: The General index of Muscat Securities Market declined on Tuesday by 0.36 per cent to close at 5,814.350.

All the sub-indices closed in red led by the Financial index which fell by 0.62 per cent. Industrial index declined by 0.12 per cent and the Services index decreased by 0.03 per cent. The MSM Shariah index closed down by 0.08 per cent at 905.790 points.

Market breadth was negative as 15 companies went down against six closing up. As many as 18 securities remained unchanged. A total of 18.54mn shares were traded on the exchange which generated a total turnover worth RO3.72mn, showing a significant improvement in activity from the previous sessions.

Among top gainers were Renaissance Services (+2.48 per cent), Oman Fisheries (+1.82 per cent) and Al Sharqia Investing Holding (+1.80 per cent).

Top losers were Al Batinah Development and Investment Holding (-5 per cent), Oman and Emirates Investing Holding (-4.30 per cent) and Construction Materials Industry (-2.86 percent).

SOURCE: MUSCAT DAILY