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Article: Muscat shares post gains as volume falls.
- Article from:
- Times of Oman (Muscat, Oman)
- Article date:
- July 22, 2009
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Byline: BankMuscat, Bloomberg
MUSCAT Eoe1/4" Equities continued their winning streak for the fifth consecutive day with the MSM-30 Index gaining 2.53 per cent to close at 5,823 points. Trading volume, however, declined. Total shares exchanged plunged 25.7 per cent to 30.278 million shares while the total value traded fell 44 per cent to RO15.055 million.
Market breadth was strong with 34 advances and four declines out of 50 traded scrips. GCC and Arab investors were net sellers yesterday. They offloaded a net of 5.4 per cent (RO0.81 million) in the total turnover. The industrials sector posted a gain of 2.62 per cent to close at 6,384 points. Services & ...