Oman- Financials give MSM30 reason to cheer


(MENAFN- Muscat Daily) The benchmark MSM30 index ended Monday's session 0.19 per cent higher at 6419.97.

The Financial sub-index closed up 0.60 per cent and the Industrial gauge closed 0.19 per cent higher. The Services sub-index however closed down 0.15 per cent.

The MSM Shariah index inched up 0.04 per cent.

A total of 9.11mn securities switched hands generating a turnover of RO2.61mn. Market breadth turned positive with 16 stocks closing higher while nine declined and 14 remained unchanged. Investors are awaiting half yearly results for companies like Omantel and Renaissance Services.

Al Sharqia Investment Holding (+4.07 per cent) HSBC Bank Oman (+3.97 per cent) Gulf Investment Services (+3.28 per cent) were among the top gainers for the day whereas National Mineral Water (-6.06 per cent) Construction Materials Ind (-5.26 per cent) and Port Services Corporation (-2.7 per cent) were among the top laggards.

By special arrangement with Oman Arab Bank - Investment Management Group


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