Oman- MSM gains amid mixed earnings reports

10/18/2015 2:48:10 PM

(MENAFN- Muscat Daily)Muscat-

Despite mixed corporate results announcements on Sunday the benchmark MSM30 index closed trade on a positive note adding 0.26 per cent to 5925.05.

The Financial sub-index ended up 0.58 per cent at 7324.01. The Services gauge added 0.23 per cent while the Industrial index slipped 0.4 per cent to 7364.73. The MSM Shariah Index closed up 0.37 per cent at 909.06.

Market breadth was positive with 16 stocks posting gains against eight which closed down while 16 securities remained unchanged. Total volumes rose 9.22 per cent to 27.6mn while turnover fell 37.22 per cent.

Oman Textile Holding (+6.15%) Oman Fisheries (+5.46%) and Bank Nizwa (+5.41%) were amongst the top gainers whereas Galfar Engineering (-7.22%) and Al Hassan Engineering (-2.15%) were amongst the top laggards.
By special arrangement with Oman Arab Bank - Investment Management Group

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