14 May 2014
Muscat - The Muscat Securities Market was back in the red on Wednesday, with the benchmark 30-share index dropping 0.10 per cent to 6,754.50. Galfar shares reacted negatively to the company's weak first-quarter results. Galfar posted a 47.4 per cent decline in net profit and the stock fell five per cent.
Muscat - The Muscat Securities Market was back in the red on Wednesday, with the benchmark 30-share index dropping 0.10 per cent to 6,754.50. Galfar shares reacted negatively to the company's weak first-quarter results. Galfar posted a 47.4 per cent decline in net profit and the stock fell five per cent.
Renaissance Services shares lost 3.57 per cent after the company posted its quarterly numbers.
Market trading activities remain better than the average of the previous days, and interest remains on some shares such as Bank Muscat and Omantel.
All the three subindices posted losses, led by the Industrial index (-0.32%) followed by the Services index (-0.21%) and the Financial index (-0.20%).
Among the top gainers were Gulf Investment Services (+2.22%), Raysut Cement (+1.86%) and Muscat Finance (+1.35%). ONIC Holding (-4.29%), Al Batinah Dev Inv Hold (-4.19%) and National Aluminium Products (-3.97%) were among the main losers.
© Muscat Daily 2014
