(MENAFN - Muscat Daily) The Muscat Securities Market (MSM) began the new week in negative territory, with the benchmark 30-share index declining O.65 per cent to 6780.85 on Sunday, as the market gave up the gains made in the previous session.
The weak performance was attributable to a lack of triggers to support gains at the end of last week and a sell-off on certain key stocks like Omantel and Bank Muscat. Investors continue to await the results of companies like Galfar and Renaissance Services. Small caps also sold off across the board.
Bank Muscat and Omantel were most active in terms of turnover as investors booked profits made in the previous week's rally.
Among the top gainers were Oman Fisheries (4.49%), Bank Nizwa (1.14%) and Renaissance Services (0.59%). Among the top losers were ONIC Holding (-4.98%), Al Batinah Dev Inv Holding (-4.49%), Gulf investment Services (-3.50%), Oman & Emirates Inv Holding (-3.48%), and Oman United Insurance (-3.27%).