MSM down 0.3% at close on blue chips

Mubasher: The Muscat Securities Market (MSM) ended Tuesday’s trading session in red, as the main index MSM30 went down 0.32% or 18.21 points, and closed at the level of 5,697.61 points.

The benchmark index was dragged down by blue chip stocks, as Gulf Investment Services, Renaissance Services, and Galfar Engineering lost 5.93%, 2.89%, and 2.3%, respectively.

The services sector declined 0.34%, as Port Services Corp and National Gas went down by 1% and 0.77%, respectively.

The financial sector also decreased 0.29%, as Bank Muscat and Bank Nizwa fell 2.27% and 1.1%.

Similarly, the industry sector index slipped 0.14%, as Oman Fisheries lost 2.22%, while Gulf Chemicals levelled down 0.34%.

On Tuesday, traded volumes declined to 17.14 million shares compared to 27.82 million shares on Monday, and traded values also decreased to OMR 6.21 million down from OMR 7.88 million.

Mubasher Contribution Time: 14-Mar-2017 11:20 (GMT)
Mubasher Last Update Time: 14-Mar-2017 11:23 (GMT)