Trading in Oman remains flat
Trading activity remained flat on the local bourse as the Muscat Securities Market general index consolidated to close at 6,396.10.
The session witnessed a total of 1,878 trades being executed, generating a turnover of RO9.13mn, while 30.83mn shares were exchanged over the counters.
Financial Services (+3.45 per cent at 90bz) topped the list with highest volume while Ominvest generated investor interest for the second consecutive day and closed up 2.82 per cent at 437bz with highest turnover.
Market breadth stood in favour of decliners as of the 57 securities traded for the day 22 declined while 20 advanced and 15 stocks closed unchanged.
The top gainers for the day, besides Ominvest and Financial Services, were Al Batinah Development and Investment (+4.88 per cent at 86bz), Sohar Power (+4.35 per cent at RO2.39), Al Hassan Engineering (+4.10 per cent at 203bz) while the top losers were Oman Holding (-6.53 per cent at 401bz), Bank Sohar Bonds 4.5% (-4.76 per cent at 100bz), Oman Textile (-2.69 per cent at 290bz) and Taageer Finance (-1.89 per cent at 156bz) .