MSM ends week stable; market cap up OMR 13.7m

Mubasher: The main index of the Muscat Securities Market (MSM) closed the week near stable, edging up 0.02% or 1.21 points to 5,119.52 points.

Market capitalisation increased slightly by 0.08% or OMR 13.66 million to OMR 17.62 billion compared to the week preceding the Eid Al Fitr holiday’s OMR 17.61 billion.

The benchmark MSM30 index was supported by gains in the services sector and financial companies’ stocks, as Taageer Finance led the week’s risers, adding 4.55%, followed by Al Batinah Investment and Phoenix Power with 3.26% and 2.54%, respectively.

On the flipside, Al Maha Ceramics led fallers, sliding 7.98%, while National Gas and Oman Fisheries retreated 7.89% and 6.85%, respectively.

The services sector was the only riser on the MSM in the week, edging up 0.05%, while the industrial and services sectors declined 1.02% and 0.48%, respectively.

Mubasher Contribution Time: 07-Jul-2017 16:08 (GMT)
Mubasher Last Update Time: 07-Jul-2017 16:08 (GMT)