MSM drops 10.21 points at Thursday’s close

Mubasher: The main index of the Muscat Securities Market (MSM) slid 0.18% or 10.21 points to 5,613.35 points on Thursday.

The index was affected by the drop of leading stocks as Oman Cables Industry decreased 2.94%, Oman United Insurance declined 1.55%, and Phoenix Power weighed down 1.4%.

The sectors shed collectively, led by services which edged down 0.24% as Oman Investment and Finance and Ooredoo lost 0.93% and 0.75%, respectively.

The financial sector dropped 0.18% as Al Anwar Holdings decreased 1.39% and Al Izz Islamic Bank slid 1.33%.

Industry levelled down 0.02%, led by Muscat Thread Mills with 3.61% and Galfar Engineering and Contracting with 1.19%, while Oman Fisheries increased 1.94%.

The traded volume declined to 13.64 million shares on Thursday against 23.73 million shares on Wednesday, as trading value tumbled to OMR 2.64 million against OMR 4.52 million.

Mubasher Contribution Time: 06-Apr-2017 11:02 (GMT)
Mubasher Last Update Time: 06-Apr-2017 11:02 (GMT)