MSM down on services Tuesday

Mubasher: The Muscat Securities Market’s (MSM) benchmark index ended Tuesday’s session down 0.03% or 1.67 points, closing at 5,810.49 points.

Energy stocks dominated today’s trades leading the services sector to a 0.3% decline, with Sohar Power leading the losers and dropping 2.86%, while Al Suwadi Power and Phoenix Power lost 2.06% and 1.92% respectively.

The benchmark's decline was trimmed by the rise of the industrial and financial sectors.

The industrial sector grew 0.6% on the back of the Galfar Engineering and Contracting adding 2.91%, and Voltamp Energy rising 1.78%.

As for the financial sector, it added 0.1% pushed by the gains of 6 stocks, led by Al Anwar Holding rising 3.19%, and Al Sharqia Investment with 1.43%.

Bank Muscat remained unchanged despite having the biggest traded volume and value of 4.04 million shares traded at a turnover of OMR 1.54 million ($4 million).

Total traded volume rose to 16.41 million shares, compared to 9.35 million shares on Monday. Traded value also went up to OMR 3.77 million ($9.79 million) compared to OMR 3.02 million ($7.84 million) in yesterday’s session.
 

Mubasher Contribution Time: 26-Jul-2016 12:25 (GMT)
Mubasher Last Update Time: 26-Jul-2016 12:25 (GMT)