Financial sector pressures MSM down

Mubasher: Muscat Securities Market (MSM) saw a negative performance on Monday, pressured down by the financial sector.

The general index retreated 0.19% or 10.17 points to 5,396.36 points. Shariah index decreased 0.24% or 2.03 points to reach 834.51 points.

Trading volume fell 31.74% to 17.1 million shares on Monday, compared to 12.98 million shares on Sunday. Turnover declined 17.71% to OMR 3.02 million from OMR 3.67 million.

The financial sector levelled down 0.25%, while the services and industrial sectors gained 0.14% and 0.05%, respectively.

Ahli Bank was the worst performer after falling 2.78%, while Gulf Investment Services Holding topped gainers after adding 3.3%.

Bank Muscat was the value leader after generating OMR 520,520. Meanwhile, Galfar Engineering and Contracting was the most active company after trading 4.1 million shares.

Mubasher Contribution Time: 07-Mar-2016 10:47 (GMT)