Transgulf Investment top gainer at Muscat Securities Market
Omani investors lifted trading on the Muscat Securities Market as they net bought 7.7 per cent of the total value and the general index closed flat at 6,191.47.
Trading activity improved from Monday as a total of 2,248 trades were executed for the day, generating a turnover of RO13.38mn while 63.81mn shares were exchanged over the counters.
Market breath stood in favour of decliners as of the 58 securities traded for the day 21 declined while 16 advanced and 21 stocks closed unchanged.
The top gainers for the day were Transgulf Investment Holding (+4.55 per cent at 161bz), Raysut Cement (+3.05 per cent at RO1.79), Financial Services (+2.38 per cent at 86bz), Taageer Finance (+1.92 per cent at 159bz) and Gulf Investment Services (+1.89 per cent at 162bz)
while the top losers for the day were Dhofar University (-9.96 per cent at 895bz), National Aluminium Co (-2.38 per cent at 328bz), Al Sharqia Investment Holding (-2.06 per cent at 190bz), Oman Fisheries (-1.70 per cent at 116bz) and Shell Oman Marketing Co (-1.38 per cent at RO2.21).
Among the sectoral indices, the Financial index slipped 0.05 per cent owing to losses from HSBC Bank Oman (-0.51 per cent at 197bz) and bank muscat (-0.32 per cent at 626bz).
The Industrial index gained the most for the day and ended up 0.43 per cent with support from Raysut Cement, Oman Cement (+1.87 per cent at 708bz) and Gulf International Chemicals (-1.20 per cent at 169bz), while the Services index edged down 0.15 per cent.
- Oman’s Duqm tourist complex moves forward with government approval
- Kuwait fights budget deficit: Reexamining government salaries, expatriate labor
- Tunisian Confederation of Industry, Trade, and Handicrafts fights nationwide unemployment levels
- Construction costs fall in Dubai
- Western tourists flock to Iran, could generate $30B in new revenue