(MENAFN- Muscat Daily) The benchmark MSM30 index closed flat on Tuesday at 6450.98 as once again a major portion of market interest was focussed on the new listing of Phoenix Power Co.
Market breadth remained neutral with nine stocks closing down and eight posting gains. Seventeen stocks remained unchanged. Market turnover declined to RO11.67mn from RO 19.77 in the previous day with Phoenix Power contributing RO9mn to this value.
Al Madina Takaful was among the top gainers for the day closing up by 2.25 per cent followed by Al Hassan Engineering (+2.0 per cent) and Oman & Emirates Inv Holding (+1.74 per cent). The Financial sub-index declined by 0.10 per cent the Industrial gauge lost 0.07 per cent and the Services index gave away 0.05 per cent.
Top losers included Gulf Investment Services (-3.57 per cent) Al Anwar Holdings (-2.22 per cent) and Al Suwadi Power (-1.96 per cent).
By special arrangement with Oman Arab Bank - Investment Management Group
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