Blue chips push MSM down at Wednesday’s close

Mubasher: The main index of the Muscat Securities Market (MSM) ended Wednesday in the red zone after decreasing 1.42% or 73.65 points to reach 5,121.47 points.

Bank Dhofar retreated 4.35%, followed by HSBC Oman with 3.91%, and Oman Investment and Finance with 3.7%.

The financial sector declined 1.48% after the National Bank of Oman (NBO) and Bank Muscat dropped 2.78% and 2.63%, respectively.

The services sector went down 1.03% as Sembcorp Salalah Power and Water Company levelled down 2.75% and Oman Telecommunications tumbled 2.56%.

The industry sector shed 0.35% after Construction Material Industry and National Aluminum Products decreased 3.33% and 3.23%, respectively.

Trading volume rose to 21.83 million shares on Wednesday against 11.12 million shares on Tuesday, while liquidity increased to OMR 5.53 million from OMR 2.78 million.

Mubasher Contribution Time: 21-Jun-2017 11:46 (GMT)
Mubasher Last Update Time: 21-Jun-2017 11:46 (GMT)