MSM records 5th weekly rise in row

Mubasher: The Muscat Securities Market (MSM) recorded the fifth weekly rise in a row, backed by the rise in the financial and services sectors.

The benchmark MSM 30 grew 0.62% or 37.03 points to the level of 5,979.75 points, compared to 5,942.72 points last week.

The bourse will be closed on tomorrow, 5 May, 2016 on the occasion of the Al Israa wal Miraj holiday.

The Shariah index also rose 0.38% or 3.37 points to 883.97 points, versus 880.60 points last week.

Trading volume decreased to 114.42 million shares from 215.10 million shares exchanged a week ago. Turnover also shrank to OMR 32.85 million from OMR 42.56 million.

The market value increased 0.84% to OMR 17.16 billion from OMR 17.01 billion last week.

The services and financial sectors advanced by 2.34% and 0.80% respectively, while the industrial declined by 0.16%.

National Gas was the best performing stock with a growth of 30.29%, while Muscat Thread Mills was the worst after falling 9.52%.

Ominvest made the highest liquidity of OMR 7.03 million, while Galfar Engineering was the largest-traded stock with a volume of 30.69 million shares.

Non-Omani purchases reached OMR 1.36 million, while their sales amounted to OMR 2.34 million.

Meanwhile Omani purchases came to OMR 29.47 million versus sales of OMR 29.28 million.

Translated by: Elwy el-Manzalawy

Mubasher Contribution Time: 04-May-2016 12:18 (GMT)
Mubasher Last Update Time: 04-May-2016 12:18 (GMT)