Mubasher: Muscat Securities Market’s (MSM) continued its declines for the fifth week, as the main index, MSM 30, plummeted 1.95% or 110.67 points to the level of 5,557.73 points, versus 5,668.40 points in the previous week.
Sharia Index also declined 1.20% or 10.66 points to the level of 876.45 points, compared to 887.11 last month.
The financial sector was 1.80% down to become the worst in the red column which hosted all the sectors, including services which was the second decliner as it dropped 1.26%, followed by the industrial sector (-1.13%).
Trading volume reached 53.39 million shares worth OMR 11.39 million through 2,810 trades, compared to 41.87 million shares worth OMR 11.77 million in the previous week.
The market value moved to OMR 14.65 billion, with a rise of 0.20%.
United Power Company was the best performer in the week after adding 9.82%, while Al Jazeira Services Company was the worst as it went 12.50% down.
Muscat Bank made the highest trading value with OMR 1.96 million, while Bank Nizwa made the biggest trading volume with 7.27 million shares traded.
MSM 30 dropped last week 2.20% or 127.41 points to 5, 668.40 points.
