Muscat - US and Asian markets closed on a positive note last week following better-than-expected US and Chinese manufacturing data. And the Muscat Securities Market general index traced the global equity market strength and edged higher by 0.26 per cent before closing at 6,691.63 on Sunday.
Trading activity improved from last week's closing as a total of 2,077 trades were executed, generating a turnover of RO9.33mn, while 34.92mn shares were exchanged over the counters. Market breadth stood in favour of advancers as of the 46 securities traded for the day 22 advanced while four declined and 20 stocks remained unchanged.
The top gainers were National Gas (+9.69 per cent at 498bz), A'Saffa Foods (+8.82 per cent at RO1.11), Al Sharqia Investment Holding (+6.13 per cent at 225bz), Gulf Investment Services (+5.09 per cent at 186bz) and Dhofar Cattle Feed (+4.17 per cent at 250bz) while the top losers were Al Batinah Development and Investment (-2.15 per cent at 91bz), Oman Investment and Finance (-0.71 per cent at 281bz), Taageer Finance (-0.63 per cent at 158bz) and Transgulf Investment (-0.61 per cent at 163bz).
The Financial sector index inched up 0.23 per cent while the Industrial sector index gained 1.52 per cent with gains from Oman Cables (+1.74 per cent at RO2.05) and Oman Cement (+0.51 per cent at 792bz). The Services sector index added 0.11 per cent supported by Renaissance Services (+0.57 per cent at 708bz) and Al Maha Marketing (+0.43 per cent at RO21.19).
© Muscat Daily 2013
