Published: Sep 29, 2014
Source: Muscat Daily

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MSM30 Index consolidates further

The benchmark MSM30 index consolidated further on Monday, inching up 0.07 per cent to 7,463.26. Out of the 50 stocks traded, 16 gained and nine declined. 

Total turnover was at a nearly three-month high on special deals on HSBC Oman and Global Financial Services. Total turnover came in at RO13.4mn against 60.6mn shares traded.

Despite the special deals, the market in general remains stable and calm ahead of the Eid break. However, some profit-booking and shifting of investment positions were observed. Interest was seen on Omantel.

All the sub-indices closed in the green. The Financial index added the most, rising 0.19 per cent. The Industrial index rose 0.10 per cent, while the Services index inched up 0.02 per cent.

Dhofar University, SMN Power Holding, Ominvest and Oman United Insurance were among top five gainers. Oman Fisheries, Al Hassan Engineering, Al Maha Petroleum Products and Port Services Corporation were among the top losers.

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Middle East Stock Markets

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MSM30... 5,590.160 +102.480 1.87%
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