Profit-booking over initial gains pulled the Muscat Securities Market general index down by 0.19 per cent before closing at 5,958.68. Trading activity remained low as total turnover dropped to RO5.31mn from 1,691 of trades while total volume declined to 22.01mn at the end of the day.
United Finance, up by 3.88 per cent at 134bz, topped the list with the highest volumes while ACWA Power Barka, up by 4.07 per cent at 384bz, closed with the highest turnover for the day. Construction Materials Industries (+8.62 per cent at 63bz) reported its first quarter financials with a net profit of RO142,000 and topped the list of gainers for the day.
Among the other top gainers were ACWA Power Barka, United Finance, Port Services Corporation (+2.72 per cent at 415bz) and Al Sharqia Investment Holding (+1.71 per cent at 119bz).
Financial Services (-4.60 per cent at 83bz), Oman Holding International (-4.38 per cent at 240bz), Oman & Emirates (-4 per cent at 144bz), Global Financial Investment (-2.80 per cent at 104bz) and Al Batinah Development & Investment Holding(-2.56 per cent at 38bz) fell into negative territory.
Market activity remained in favour of decliners as of the 53 securities traded, 26 declined and 16 advanced while 11 stocks remained unchanged at the end of the day.
© Muscat Daily 2012
