Oman- MSM30 profits from attractive valuations


(MENAFN- Muscat Daily) The benchmark continued with its positive performance on Wednesday adding 0.38 per cent to close at 5782.04 on attractive valuations following the recent deep cuts. 

The Financial sub-index was the key supporter rising 0.73 per cent while the Industrial and Service gauges inched down 0.18 per cent and 0.02 per cent respectively. 

Total volume fell 33.22 per cent with 18.2mn securities changing hands as turnover slipped 11.67 per cent to about RO4.7mn. Market breadth remained positive as 15 stocks gained eight closed lower and 15 remained unchanged.

Al Madina Takaful (+8.97 per cent) Oman Fisheries (+8.89 per cent) and Al Maha Ceramics (+4.6 per cent) were among the top gainers while Al Anwar Ceramic (-6.88 per cent) Dhofar Int Dev & Inv Hold (-2.33 per cent) and Al Suwadi Power (-2.3 per cent) lost the most.

By special arrangement with Oman Arab Bank - Investment Management Group


Muscat Daily

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