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MENAFN - Muscat Daily - 15/10/2012

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(MENAFN - Muscat Daily) Most Gulf stock markets ended higher on Monday driven by positive local news and a minor uptick in the European stocks markets. The Muscat Securities Market general index tracked the regional markets and inched up by 0.45 per cent before closing at 5,663.49. Trading activity remained low as a total numbers of 1,054 trades were executed generating turnover of RO2.95mn while 11.77mn shares were exchanged over the counters. Market breadth stood in favour of advancers as of the 44 securities traded for the day, 20 advanced while nine declined and 15 stocks closed unchanged.Stocks going with the general market movement and closing as top gainers were Renaissance Services (3.34 per cent at 557bz), Transgulf Holding (1.21 per cent at 84bz), Gulf Investment Services (1.18 per cent at 86bz), ONIC holding (1.12 per cent at 270bz) and Dhofar Cattlefeeds (1.10 per cent at 184bz) while stocks closing as top losers for the day were Taageer Finance (-2.26 per cent at 130bz), Oman United Insurance (-2.24 per cent at 175bz), Oman Fisheries (-1.85 per cent at 106bz), Oman Cable Industries (-1.80 per cent at 982bz) and Construction Material industries (-1.72 per cent at 57bz).By arrangement with National Bank of Oman

 






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