Oman- Phoenix holds attention in a dull market


(MENAFN- Muscat Daily) The benchmark MSM index ended Wednesday's session with a 0.07 per cent gain to close at 6429.05. 

Turnover stood at RO3.24mn with 14.43mn shares traded. Market breadth remained neutral with a positive bias as 13 stocks gained ten declined and 19 closed unchanged.

Phoenix Power continued to attract investor attention with the stock topping the turnover and volume lists.

 The Financial and Industrial indexes closed in positive territory adding 0.33 per cent and 0.02 per cent respectively. The Services gauge however slipped 0.44 per cent. The MSM Shariah index rose 0.10 per cent.

HSBC Bank Oman (+2.26 per cent) and Oman Fisheries (+1.85 per cent) were among the top gainers on the bourse.  OIFC (-9.75 per cent) Takaful Oman Insurance (-8.4 per cent) and Al Madina Investment (-1.41 per cent) lost the most.

By special arrangement with Oman Arab Bank - Investment Management Group


Muscat Daily

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