Mubasher: The main index of the Muscat Securities Market (MSM) ended Wednesday’s trading down 0.22% or 12.25 points, closing at 5,617.68 points.
The index’s performance was affected by a collective decline of sectors. The decline was led by the financial sector with 0.35%, weighed down by Bank Muscat, Al Madina Takaful, Oman and Emirates Investment Holding Company (OEIHC), and Al Sharqiya Investment, tumbling 1.03%, 3.16%, 3.1%, and 1.68%, respectively.
The services sector fell 0.27% due to the drop of Al Jazeira Services Company and Sohar Power by 8.95% and 7.91%, respectively, and Ooredoo which decreased 1.46%.
The industrial sector ascended 0.12%, as Oman Fisheries declined 1.1% and Al Anwar Ceramic dropped 0.63%.
Trading volume dwindled to 9.27 million shares on Wednesday, against 39.93 million shares on Tuesday, also turnover retreated to OMR 3.02 million against OMR 9.9 million.
Bank Sohar’s share was the leader in terms of traded volume with 1.1 million shares, while Oman Telecommunications Company (Omantel) enjoyed the highest turnover with OMR 948,650.
