MSM closes in red for 4th straight day

Mubasher: The Muscat Securities Market (MSM) closed Sunday on a negative note, recoding the fourth decline in a row.

The main index, MSM 30, slipped 0.09% or 4.78 points to the level of 5,383.56 points, and the Sharia Index edged down 0.17% to 836.48 points.

Trading volume reached 9.8 million shares exchanged at OMR 1.85 million through 584 transactions.

The industrial and financial sectors moved down 0.37% and 0.02% respectively, while services rose 0.41%.

United Power was the worst performing share by losing 3.94%, whereas Port Services Corp was the best with a growth of 9.21%.

Renaissance Services topped today’s trading activity with a volume of 1.51 million shares exchanged at OMR 251,320. The stock rose 5.06%.

The benchmark MSM 30 closed Thursday in the red zone as it fell 0.29% or 15.61 points to the level of 5,388.34 points.

Translated by: Elwy el-Manzalawy

Mubasher Contribution Time: 28-Feb-2016 09:42 (GMT)