MSM 30 up 224 points in week

Mubasher: The Muscat Securities Market’s (MSM) main index, MSM 30, surged 4.46% or 224 points in the first week of February, reaching the level of 5,240.4 points, versus 5,061.51 points last week.

The Sharia Index inched up 1.45% or 11.66 points to 814.92 points, compared to 803.26 points last week.

Turnover rose 10.8% to OMR 29.6 million from OMR 26.58 million last week. Trading volume also increased 35% to 144.49 million shares, versus 107.05 million shares.

The market value inched up 1.55% to OMR 15.58 billion, against OMR 15.34 billion a week ago.

The financial sector was the best performer as it grew 7.7%, followed by the services and industrial sectors with increases of 26% and 5.44% respectively.

Sohar Bank topped risers by adding 19.23%, whereas Raysut Cement headed decliners after falling 5.44%.

Bank Muscat owned the biggest trading value as it generated OMR 4.22 million, while Nizwa Bank hit the largest volume figure with 19.98 million shares traded.

Translated by: Elwy el-Manzalawy

Mubasher Contribution Time: 04-Feb-2016 12:23 (GMT)