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Muscat shares shut in red; Bank Nizwa volume leader

Muscat shares shut in red; Bank Nizwa volume leader
Photo Credit: Arabianeye - Reuters

Mubasher: Muscat Securities Market (MSM) ended Thursday’s session on a down note, snapping its early rise.

The benchmark index slid 0.03% or 1.50 points to close at 5,749.38 points. Meanwhile, Sharia index went down by 0.08% to 907.80 points.

Market capitalisation amounted to OMR 2.06 million ($5.33 million), up from OMR 3.48 million ($9 million) yesterday.

Traded volume amounted to 13.11 million shares, exchanged at 678 trades.

Out of the 37 stocks traded today, advancers outnumbered decliners by 11 to 8, while 18 others remained unchanged.

Oman Textile was the best performer with a jump of 5.56%, while Al Suwadi Power SAOG was the biggest drag, with a fall of 2.33%.

Bank Nizwa recorded the biggest traded volume of 4.4 million shares, while BankMuscat came on top with turnover reaching OMR 475,000.