MSM 30 closes on positive note

Mubasher: The MSM 30 index of the Muscat Securities market closed Wednesday’s session rising by 0.03% or 1.61 point to the level of 5,656.35 points.

Trading volume decreased to 10.24 million shares from 19.99 million shares exchanged on Tuesday, turnover also shrank to OMR 2.1 million from OMR 4.2 million.

The index was backed by the positive performance of five blue chips as Galfar Engineering grew 6.25%, Oman Cement and Omantel increased by 2.22% and 1.33% respectively.

The industrial sector grew 0.97% as Packaging Co Ltd led the green list by adding 9.95%, Voltamp ascended 2.13% and Al Jazeera Steel Products rose 2.04%.

The services sector levelled up 0.32%, backed by a growth of 2.55% in Port Services Corp.

Meanwhile, the services sector dropped 0.54% due to a 1.85% fall in Bank Sohar, the worst performing stock.

Mubasher Contribution Time: 07-Dec-2016 10:39 (GMT)
Mubasher Last Update Time: 07-Dec-2016 10:39 (GMT)