Oman’s MSM30 bucks global trend; shares rebound on improved activity

Muscat - 

The MSM30 index rebounded on Monday adding 0.22 per cent to close at 5,939.45. The market witnessed an improvement in trading activity as 7.21mn shares exchanged hands, while turnover touched RO3.78mn. Transgulf Holding (+7.81 per cent at 69bz) was by far the most traded stock, followed by Shell Oman Marketing (-2.67 per cent at RO2.336) which closed in the red due to selling pressure. 

United Finance (+9.52 per cent at 92bz) extended its gains from Sunday and closed as the top gainer. BankDhofar (+7.01 per cent at 595bz) was also among the major gainers following the news that the Primary Court has ruled in its favour on the RO26.1mn legal case with Oman International Bank. Raysut Cement (-2.60 per cent at RO1.051) and National Bank of Oman (-2.42 per cent at 323bz) posted major losses.

The Financial Index gained, adding 1.05 per cent on the back of BankDhofar and Transgulf Holding. The Industrial Index lost 0.14 per cent, hit by Raysut Cement, whereas Shell Oman Marketing pulled the Service Index down by 0.29 per cent.

By arrangement with NBO

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