MSM opens on negative note

Mubasher: The Muscat Securities Market (MSM) opened Tuesday in the negative territory, as the benchmark MSM 30 slid 0.23% or 11.62 points to 4,954.19 points.

Trading volume reached 1.6 million shares worth OMR 506,050 after 106 trades were executed.

The financial and services sectors declined 0.41% and 0.12% respectively, while the industrial sector was flat.

National Bank of Oman (NBO) was the best performing share as it jumped 2.27%. NBO’s board recommended cash dividends at 17% of the share’s par value and bonus shares at 10%, or one share for every 10 shares.

Meanwhile, Al Anwar Holding was the worst decliner with a drop of 5.30%.

The main index rose yesterday by 0.49% or 24.06 points to the level of 4,965.81 points.

Translated by: Elwy el-Manzalawy

Mubasher Contribution Time: 26-Jan-2016 07:40 (GMT)