Investors exited local stocks on rising uncertainties over the general market scenario as the Muscat Securities Market general index fell 0.49 per cent to close at 5,534.31.
Trading activity improved marginally as a total of 859 trades were executed generating turnover RO2.15mn while 9.12mn shares were exchanged over the counters.
Bank Nizwa (-0.95 per cent at 104bz) again topped the volume and turnover lists. Market breadth remained in favour of decliners as of the 44 securities traded 30 declined while five advanced and eight remained unchanged. The top gainers were Transgulf Holding (+1.37
per cent at 74bz), Oman Oil Marketing (+0.83 per cent at RO1.81), Renaissance Services (+0.43 per cent at 465bz), Oman Flour Mills (+0.22 per cent at 453bz) and Nawras (+0.20 per cent at 504bz) while the top losers were BankMuscat Rights Issue (-18.94 per cent at 107bz), Ahlibank Rights Issue (-16.33 per cent at 41bz), Gulf Investment Services (-5.41 per cent at 70bz), Al Anwar Holding (-3.67 per cent at 105bz) and Global Financial Investment (-3.45 per cent at 84bz).
Among the sectoral indices, the Financial index dropped 0.98 per cent with losses from Ahlibank, BankMuscat and HSBC Bank Oman. The Industrial index fell 0.38 per cent while Services Sector index closed flat.
By arrangement with National Bank of Oman
© Muscat Daily 2012
