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MENAFN - Muscat Daily - 07/08/2012

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(MENAFN - Muscat Daily) The MSM30 general index traded flat slipping 0.08 per cent to close at 5,434.27 amid mixed sentiments.

Volumes remained relatively thin, as 11.7mn shares were traded, and the market turned over RO2.2mn. Bank Nizwa (0.94 per cent at 108bz) was by far the most active stock this session, posting strong gains, while other active stocks included Gulf Investment (1.33 per cent at 76bz) and Global Financial Investment (2.27 per cent at 90bz). Dhofar Poultry (10 per cent at 869bz) and Sweets of Oman (3.72 per cent at 725bz) bucked the market trend, closing in the green, while the session?s worst performers were led by Al Sharqia Investment (-5 per cent at 95bz) and Al Hassan Engineering (-3.10 per cent at 125bz).

The Financial index slipped 0.06 per cent, with market heavyweight BankMuscat (-0.94 per cent at 528bz) and HSBC Bank Oman (-0.86 per cent at 231bz) posting losses. Raysut Cement (0.45 per cent at RO1.34), Al Jazeera Steel (0.71 per cent at 284bz) and Galfar Engineering (0.27 per cent at 374bz) closed in positive territory, supporting the Industrial index which traded sideways. The Services index followed, losing 0.08 per cent.

By arrangement with National Bank of Oman


 






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