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MENAFN - Muscat Daily - 25/09/2012

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(MENAFN - Muscat Daily) Most regional markets closed lower tracking weak global equities and bearish crude oil movement. The Muscat Securities Market general index also dropped 0.59 per cent to close at 5,555.54.Trading activity remained low as a total of 1,074 trades were executed generating a turnover of RO4.49mn while total volume touched 23.06mn. Market breadth remained in favour of decliners as of the 53 securities traded 24 declined while 11 securities advanced and 20 stocks closed unchanged.The top gainers were Financial Services (1.52 per cent at 67bz), Sohar Power (1.43 per cent at RO1.41), Al Jazeera Steel Products (1.08 per cent at 282bz), Bank Nizwa (0.96 per cent at 105bz) and Ahlibank (0.60 per cent at 168bz) while stocks going with the general index movement were BankDhofar(-3.16 per cent at 368bz), ONIC Holding (-2.92 per cent at 266bz), Al Anwar Holding (-2.38 per cent at 123bz) and Shell Oman Marketing (-2.34 per cent at RO2.42).Among the sectoral indices, the Financial index fell 0.86 per cent on losses in BankDhofar, HSBC Bank Oman (-1.35 per cent at 219bz) and bank muscat (-0.36 per cent at 558bz). The Industrial index inched down 0.08 per cent while the Services index closed with a loss of 0.13 per cent.By arrangement with National Bank of Oman

 






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