Selective buying on key index stocks helped the Muscat Securities Market general index inch up 0.37 per cent to close at a six-month high of 6,003.47.
Market activity declined in trading volumes and turnover fell. Total turnover on Sunday touched RO5.74mn generated by 2,303 trades while 20.95mn shares were exchanged over the counters.
Al Anwar Holding, with a gain of 5.30 per cent, topped the volumes list while Renaissance Services (+4.58 per cent at 617bz) posted the highest individual turnover for the day.
Market activity remained in favour of advancers as of the 55 securities traded in the day, 28 securities advanced while 14 declined and 13 remained unchanged. Muscat Finance (+9.74 per cent at 169bz), ONIC Holding (+6.42 per cent at 282bz), Oman Cables Industries (+6.08 per cent at 907bz), Al Anwar Holding (+5.30 per cent at 159bz) and Renaissance Services topped the list of gainers for the day while National Mineral Water (-4.84 per cent at 59bz), Construction Materials (-3.08 per cent at 63bz), Dhofar Poultry (-2.44 per cent at 800bz), Al Batinah Development (-2.44 per cent at 40bz) and Financial Services (-2.25 per cent at 87bz) closed as top losers of the day. At the session closing, Omani Investors remained net buyers for 5.89 per cent of the total traded value followed by foreigners as net buyers for 1.31 per cent of the total traded value while GCC & Arab investors turned net sellers and sold net of 1.31 per cent of the total turnover.
Among the sectoral indices, the Financial index closed higher, by 0.39 per cent, supported by gains from ONIC Holding, Al Anwar Holding and Oman United Insurance (+3.05 per cent at 169bz). The Industrial index rose 0.73 per cent as key sector constituent Oman Cable and Raysut Cement (+3.45 per cent at RO1.07) closed in the positive while the Services index added 0.65 per cent to the previous closing backed by gains from Renaissance Services (+4.58 per cent at 617bz).
By arrangement with National Bank of Oman
© Muscat Daily 2012
