Muscat - The MSM30 index ended Sunday's session slightly higher, by 0.17 per cent, to close at 6,821.04, supported mainly by some banks, Renaissance and Oman Cables Industry.
Market sentiment was generally positive ahead of the results season. Speculators made their presence felt and Bank Muscat's bonds continued to attract interest.
Omantel's rights issue closed for subscription on Sunday, and the stock accounted for 28.96 per cent of the total traded value. Al Anwar Ceramic Tiles posted its Q1'14 results, registering a 0.8 per cent year-on-year increase in net profit, at RO2.2mn.
Of the three subindices, the Industrial index was the only loser, posting a decline of 0.08 per cent. The MSM Shariah index closed flat.
Local institutional investors registered a net purchase of RO1.19mn worth of shares, offsetting pressure from GCC institutional investors.
Among the top gainers were Packaging Co Ltd, National Aluminium Products and Al Jazeira Services.
© Muscat Daily 2014
