Oman- Profit taking pulls down MSM30 index

2/9/2016 12:48:39 PM

(MENAFN- Muscat Daily) Muscat-

The MSM30 index reversed its positive trend and closed down 0.19 per cent at 5388.02 on Tuesday on lack of positive triggers and rampant profit-booking.

Turnover touched RO8.1mn against volumes of 37.4mn indicating sustained levels of trading activity. Market breadth was neutral with 16 stocks closing higher and 15 declining with another 15 remaining unchanged.

The Industrial sub-index rose 0.43 per cent followed by the Services gauge which closed up 0.14 per cent. However the Financial Index lost 0.24 per cent. The MSM Shariah index closed up 0.05 per cent.

Top gainers included United Power (+9.88 per cent) Oman & Emirates Investment Holding (+6.93 per cent) and National Gas (+5.81 per cent) while top laggards included Construction Materials Industry (-3.33 per cent) and Al Hassan Engineering (-2.74 per cent).

By special arrangement with Oman Arab Bank - Investment Management Group

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