MSM closes Wednesday down on industry, financial sectors

Mubasher: The main index of the Muscat Securities Market (MSM) ended Wednesday in the red zone after dropping 0.64% or 34.76 points, reaching 5,377.17 points.

Phoenix Power, Al Maha Ceramics, and Al Anwar Ceramic Tiles Company declined 2.31%, 2.30%, and 2.07%, respectively.

The industry sector shed 0.72% as Oman Fisheries retreated 3.33% and Galfar Engineering and Contracting went down 1.22%.

The financial sector levelled down 0.65% after Financial Services slid 41.67% and Alizz Islamic Bank retreated 4.49%.

The services sector lost 0.39% as Oman Investment and Finance and Ooredoo decreased 1.5% and 0.82%, respectively.

Trading volume dropped to 17.42 million shares on Wednesday against 18.5 million shares on Tuesday, whereas turnover rose to OMR 2.76 million from 2.68 million.

Mubasher Contribution Time: 07-Jun-2017 12:09 (GMT)
Mubasher Last Update Time: 07-Jun-2017 12:14 (GMT)