Muscat - The Muscat Securities Market general index continued to slide further, weighed down by weak global market sentiment. The index dropped 0.37 per cent to close at 6,179.53.
Trading activity remained at year-to-date average levels; as a total of 2,035 trades were executed, generating a turnover of RO8.77mn, while 36.09mn shares were exchanged over the counters. Market breadth stood in favour of decliners as of the 54 securities traded for the day, 24 declined while 14 advanced and 16 stocks closed unchanged.
The top gainers for the day were Bank Sohar Bonds 4.5 (+6 per cent at 106bz), Oman & Emirates Investment (+5.33 per cent at 158bz), Gulf Investment Services (+2.76 per cent at 149bz), Transgulf Investment Holding (+1.35 per cent at 150bz) and Taageer Finance (+1.31 per cent at 155bz) while the top losers for the day were Oman United (-3.75 per cent at 231bz), Al Batinah Development and Investment (-3.13 per cent at 93bz), Construction Materials Industries (-2.86 per cent at 68bz), ONIC Holding (-2.17 per cent at 360bz) and DIDIC (-2.11 per cent at 465bz).
Among the sectoral indices, the Financial index closed down 0.54 per cent owing to losses from Bank Sohar (-1.59 per cent at 186bz) and BankDhofar (-1.04 per cent at 380bz). The Industrial sector index closed flat while the Services index lost 0.34 per cent as constituents like Renaissance Services (-1.51 per cent at 522bz), Nawras (-1.48 per cent at 533bz) and Al Maha Marketing (-0.95 per cent at RO20.05) witnessed selling pressure.
© Muscat Daily 2013
