MSM30 rebounds on improved activity

Muscat - 

The benchmark MSM30 index rebounded 0.28 per cent to 5,795.89 on Wednesday.

Trading activity improved from the day before as turnover increased to RO2.46mn against 9.25mn shares traded.

The Financial subindex rose 0.62 per cent. The Industrial index fell 0.12 per cent and the Services gauge lost 0.27 per cent. The MSM Shariah index closed down 0.03 per cent at 871.12.

Market breadth remained neutral as seven stocks closed higher against eight decliners, while 19 scrips closed flat for the day.

Top gainers on the local bourse included Oman United Insurance, BankDhofar and Ahlibank, which closed up 3.5 per cent, 2.5 per cent and 1.1 per cent, respectively. Top laggards included Renaissance Services, Al Jazeira Services and Al Madina Takaful, which closed down 4.3 per cent, two per cent and 1.4 per cent, respectively.


By special arrangement with Ubhar Capital

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