Oman- MSM-30 sheds 2.6pc to hit 6,695 points 

(MENAFN - Times of Oman) The MSM-30 index plunged 178 points, or 2.6 per cent, yesterday to close at 6,695 points.

The turnover and number of shares traded decreased by 33.2 per cent and 42.5 per cent, respectively compared to the previous day's close at RO3.8 million and 6.9 million, respectively.

The market breadth was week with 33 declines and six advances out of 43 traded securities. Amongst the sectors, the biggest loser was Banking & Investment sector (-3.93 per cent).

Industry sector lost (-2.94 per cent) and Service and Insurance sector lost (-1.14 per cent). The top two gainers were Oman Chlorine (4.99 per cent) and Al Batinah Hotels (3.08 per cent) to close at RO0.421 and RO4.020.

The top two losers were National Mineral Water (-9.95 per cent) and Ahli Bank (-7.83 per cent) to close at RO0.181 and RO0.200. The top two by volume traded were Galfar Engineering (0.9 million shares) and Al Jazeira Services (0.87 million shares). The top two by value traded were Galfar Engineering (RO0.7million) and BankMuscat (RO 0.6 million).

NAVs as of Nov. 6, 2008: Oryx Fund-RO1.333, Muscat Fund-RO1.459 and Bank Muscat MSCI Kuwait Fund: (Nov. 5, 2008) 0.8374.