MUSCAT — The Muscat Securities Market (MSM) continued the correction yesterday. The MSM 30 index lost 0.37 per cent to close at 5316.62. The sector averages depicted mixed performance. Banking and investment index lost 0.69 per cent, services index gained 0.26 per cent and the industry index gained 0.12 per cent.
Shares in sector indices also showed mixed performance. In the banking sector, the major gainers were: National Bank of Oman (1.93 per cent); and Oman Investment & Finance (1.14 per cent); while the major losers were: Onic Holding (0.91 per cent); Oman International Bank (0.61 per cent); and Oman & Emirates (0.37 per cent). In the industry sector, the major gainers were: Oman Chlorine (2.28 per cent); Al Jazeera Tube Mills (1.47 per cent); and Raysut Cement (1.05 per cent). The major losers were: Al Anwar Holding (2.86 per cent); Oman Textile Holding (1.52 per cent); and Dhofar Cattle Feed (1.40 per cent). In the services sector, the major gainers were: AES Barka (3.40 per cent); Al Maha Petroleum (1.60 per cent); and Port Services (1.02 per cent) while the major losers were Al Jazeera Services (1.29 per cent); United Power (1.25 per cent); and Oman Fisheries (0.97 per cent).
The market volumes were moderate at RO4.12 million. The market breadth was even with 19 advances, 19 declines and 12 remaining unchanged.
BankMuscat topped the volume charts yesterday with a turnover of RO1.25 million. The share opened high at RO10.60 but reacted during the day due to selling pressure and closed at RO10.50, same as Sunday's close.
Omantel occupied the second place in the volume charts with a turnover of RO0.53 million and the share remained unchanged at RO1.42. — The Fincorp
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