Industrial, financial stocks drag MSM to red at close

Mubasher: The benchmark MSM 30 index of the Muscat Securities Market (MSM) closed Sunday’s session falling by 0.16% or 9.16 points to the level of 5,651.07 points.

Trading volume decreased to 18.97 million from OMR 49.12 million shares exchanged on Thursday, turnover also shrank to OMR 3.93 million from OMR 7.35 million.

The industrial sector dropped 1.11% as Galfar Engineering was the worst performing stock after falling by 8.65% and Gulf International Chemicals retreated 3.7%.

The financial sector slid 0.26% due to a fall of 4.55% in Al Izz Bank and Bank Muscat. The latter made the highest liquidity of OMR 1.78 million, while Bank Nizwa topped gainers by adding 3.75% and made the biggest trading volume activity of 6.2 million shares.

On the other hand, the services sector rose alone by 0.07% due to an increase of 1.29% in Port Services Corp and 0.59% in Omantel.

Mubasher Contribution Time: 16-Oct-2016 10:13 (GMT)
Mubasher Last Update Time: 16-Oct-2016 10:13 (GMT)