Omani shares surged most in more than two weeks on Sunday along with other regional markets. The benchmark index of Muscat Securities Market (MSM) rose 0.76 per cent to close at 5,605.46 on heavy buying by Omani pension funds and other GCC institutions. However, retail Omani and other foreign investors were net sellers.
With a total 54 stocks traded, market breadth remained highly positive with 37 advancing stocks to just two decliners, while 15 stocks remained unchanged.
Market capitalisation gained RO53mn, or 0.52 per cent, to RO10.16bn from the previous session.
The market rally was supported by all three subindices with the Industrial index rising 1.68 per cent, while the Financial and Services indices gained 0.88 per cent and 0.79 per cent, respectively.
Market volume surged 64.66 per cent to 13.46mn shares compared to 8.2mn in the previous session, while total turnover rose by 89.16 per cent to RO5.15mn.
Among the top gainers of the day were Dhofar Cattle Feed (+8.62 per cent at 126bz), Oman Orix Leasing (+7.78 per cent at 97bz) and Construction Materials Industries (+7.14 per cent at 45bz).
© Muscat Daily 2011
