Home News Business Bank stocks knock MSM down by 28 points

Bank stocks knock MSM down by 28 points

 Staff Reporter

MUSCAT

The Muscat Securities Market witnessed a 28.30 point fall on Monday. The index closed at 5,220.94 points, registering a 0.54 per cent fall. The value of traded securities reached 3.16 million rials, going up by 39.8 per cent. The number of securities traded went up by 57.29 per cent to reach 17.6 million.

Market capitalisation fell by 0.23 per cent to reach 17.76 billion rials.

All indices, except the industrial index saw a downturn. The financial index lost 0.38 per cent to close at 7,860.98 per cent, services 0.87 per cent to close at 2,639.70 points and Sharia by 0.39 per cent to close at 771.57 points. The industrial index was up by 0.39 per cent to close at 7,158.69 points.

The gainers of the day were Voltamp Energy, Construction Materials. Oman Cement, Oman Fisheries and Dhofar Investment Holding.

The top losers were Sembcorp Salalah, United Finance, Alizz Islamic Bank, Gulf Investment Services and Oman and Emirates Investment Holding.

The leading securities traded on the basis of value were Bank Muscat, Al Madina Investment, HSBC Bank, Bank Sohar and Omantel, together accounting for 81.96 per cent of the turnover. Net foreign investment o the market went up by 10.55 per cent to reach 333,000 rials.

On volume basis, the top securities traded were Al Madina Investment, Bank Muscat, HSBC Bank, Bank Sohar and Bank Nizwa, together accounting for 83.32 per cent of the traded volume.

Local investors had a 76.2 per cent share in the purchase value and foreign investors 2.4 per cent. In the sell value, Local investors had a share of 86.7 per cent and foreign investors 7.5 per cent. The net foreign investment on the market went up by 10.55 per cent to 333,000 rials.

SIMILAR ARTICLES