MSM retreats Thursday on blue chips

Mubasher: The main index of the Muscat Securities Market (MSM) closed 0.05% or 2.92 points lower at 5,550.6 points on Thursday.

The index was affected by the drop of leading stocks, as Bank Dhofar retreated 1.78%, Al Sharqiya Investement Holding slipped 1.71%, and Raysut Cement shed 1.46%.

The services sector declined 0.39% due to the fall of Port Services Corporation by 9.96% and Oman Oil Marketing by 8.11%.

The financial sector edged down 0.14% through the drop of Dhofar International Development and Investment Holding with 4.27% and Al Madina Takaful with 1.18%.

The industry sector was dragged down 0.12% by Al Hassan Engineering which dropped 8.47%, Construction Material Industry which shed 3.13, and National Aluminum Products which tumbled 2.86%.

The volume of trading fell to 17.02 million shares on Thursday against 19.44 million shares on Wednesday, while trading value went up to OMR 3.82 million against OMR 3.22 million.

Mubasher Contribution Time: 30-Mar-2017 11:16 (GMT)
Mubasher Last Update Time: 30-Mar-2017 11:16 (GMT)