Positive global markets and rising optimism over easing of the eurozone crisis raised regional investor confidence as the Muscat Securities Market general index climbed 2.26 per cent, its biggest single day gain in the past twelve months, before closing at 5,750.36.
Trading activity improved significantly as a total of 1,855 trades were executed generating turnover of RO8.53mn, while 23.80mn shares were exchanged over the counters.
Market breadth stood in favour of advancers, as of the 54 securities traded, 42 advanced while two declined and ten remained unchanged at the end of the day.
Among the top gainers were Oman & Emirates Investment (+6.87 per cent at 140bz), Financial Services (+6.85 per cent at 78bz), National Aluminium Products (+6.31 per cent at 236bz), Al Hassan Engineering (+6.31 per cent at 236bz) and Al Batinah Development & Investment (+6.06 per cent at 35bz). Foreign investors returned to the local market and were net buyers of 10.4 per cent of the total traded stocks.
All the three sectoral indices closed in the green. The Financial index led the rally and gained 2.79 per cent. The Industrial index added 2.18 per cent and the Services index gained 1.04 per cent to the previous close
By arrangement with National Bank of Oman
© Muscat Daily 2012
