By: Mohamed Farouq
Mubasher: The Muscat Securities Market’s (MSM) main index, MSM 30, declined on Wednesday by 1.83% or 91 points to the level of 4,890.65 points, breaking below the support level of 4,950 points at close.
The Sharia Index also slipped 1.33% or 11 points to 803.28 points.
Market expert Ibrahim Al-Failakawi suggested that yesterday’s optimistic tendencies were only a breather to the market after its sharp fall, advising traders to study their options cautiously and thoroughly before making decisions.
Trading volume reached 16.04 million shares through 788 trades worth OMR 3.77 million.
With no sectoral riser today, the losers were topped by the financial, services and industrial sectors which slipped 2.73%, 1.31% and 0.22%, respectively.
Out of 40 companies, four shares closed in green, topped by Al-Madina for Finance and Investment with a rise of 2.04%, and 21 others closed in red.
Muscat Bank was the most active share after 2.55 million shares were exchanged at OMR 970,000.
Translated by: Elwy el-Manzalawy
