News Column

Muscat Securities Market index ends higher

July 9, 2014


Muscat: The MSM 30 Index ended higher at 7152.32 points, up by 0.22 per cent compared to the last trading session as National Aluminium Product took the crown as the day's top gainer, reversing Tuesday's position as the biggest loser.

The MSM Shariah Index also shared in the positivity closing up at 1066.27 points, a rise of 0.24 per cent on the previous trading session. It was also good news for the Financial Index that also rose slightly to 8777.24 point, up 0.08 per cent while the Service Index followed suit finishing at 3654.14, up 0.29 per cent.  Only the Industrial Index witnessed a drop on the exchange, slipping 0.32 per cent  to 10,100.95. In total, some 19,142,135 shares were traded in 1,137 transactions, representing a quieter day than the previous session with the number of trades down 19.82 per cent.

At the closed National Aluminium finished at 0.248 a rise of 2.06 per cent on the day before. Other gainers included HSBC in second spot closing at 0.177 up 1.72 per cent, Nawras in third at 0.624, a rise of 1.30 per cent, then Bank nizwa at 0.084, up 1.21 per cent and Oman Telecommunication at 1.700, up 0.89 per cent.

At the other end of the scale the day's losers were led by Dhofar Cattle Feed which saw its price drop to 0.209, down 4.13 per cent on the session before. Al Sharqia Investment Holdings next hardest closing 2.13 per cent down at 0.230. Al Jazeera Steel Products came next, it finished at 0.418, down 1.88 per cent, followed by Al Anwar Holding which saw a closing price of 0.340, a drop of 1.16 per cent.

The top five fallers were finished off by Gulf investment Services, slipping 1.08 per cent to 0.276. Omanis accounted for 76.8 per cent of the buyers.

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Source: Times of Oman

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