(MENAFN- Muscat Daily) Most regional markets closed lower on Monday, tracing weak Asian markets, as worries over China's economic growth dampened investor sentiment. The Muscat Securities fell 0.40 per cent to 5,515.15.
Trading activity fell below Sunday's level as a total of 1,357 trades were executed, generating a turnover of RO3.07mn while 15.01mn shares were exchanged over the counters.
Bank Nizwa, unchanged at 108bz, was the most active stock in terms of volume, while Al Anwar Holding (-3.45 per cent at 140bz) closed with the highest turnover. Market breadth closed in favour of decliners as of the 47 securities traded 27 declined while four advanced and 16 stocks closed unchanged.
The top gainers were Oman Cables (+6.35 per cent at 888bz), Voltamp Energy (+6.15 per cent at 328bz), HSBC Bank Oman (+0.89 per cent at 227bz) and Omantel (+0.23 per cent at RO1.32) while Dhofar Cattle Feed (-4.61 per cent at 145bz), Financial Services (-4 per cent at 72bz), Al Anwar Holding, Oman & Emirates (-3.39 per cent at 114bz) and Al Hassan Engineering (-3.38 per cent at 143bz) were the laggards.
Among the sectoral indices, the Financial index dropped 1.28 per cent with losses in Ahlibank (-2.96 per cent at 164bz), BankMuscat (-1.80 per cent at 547bz) and Bank Sohar (-1.44 per cent at 137bz). The Services index lost 0.12 per cent while the Industrial index managed to hold to initial gains and ended higher by 0.26 per cent at the close.
By arrangement with National Bank of Oman
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.