Drop in prices of index heavy weights saw the MSM Index decline during the week. Rise in OIB restricted the drop to some extent. In fact the index rose only on the first trading day of the week and thereafter declined on all other 4 trading days of the
week. MSM Index opened at previous weeks closing level of 184.76. Continuous decline on 4 successive trading days, after the initial rise on the first trading day, resulted in the MSM Index posting a loss of 1.5 points, equivalent to a 0.81% decline. The MSM Index closed at 183.25. There were 11 gainers during the week with just 4 belonging to the MSM Index. Out of the 27 losers, 15 belonged to the index. Bank Muscat, NBO, OIB, Ominvest and ONIC Holding were some of the most heavily traded stocks. Volumes were marginally lower as compared to previous week. Average daily traded volume was RO 406K as against RO 485K in the previous week. Total volume traded during the week was RO 2,032K as against 2,425K during the previous week.
A total of 63 stocks were traded during the week (including Bank Muscat Bonds and Bank Muscat Convertibles). 11 stocks advanced and 27 stocks declined. 25 stocks remained unchanged. Out of the 30 index stocks, 27 stocks were traded during the
week, of which only 4 advanced and 15 declined. 8 stocks remained unchanged. Index stock gainers during the week were Oman Flour Mills, OIB, Al Omaniya Financial Services and Al Anwar Ceramic Tiles. Index stock losers during the week were NBO,
TEAM, Alliance Housing Bank, United Finance, Oman Fisheries, Oman Cement, Ominvest, Dhofar Cattle Feed, Salalah Flour Mills, DIDIHC, Bank Muscat, Oman Fiber Optic, Oman Aviation Services, Oman Textile Mills and ONIC Holding.
