MSM retreats Tuesday on blue chips

Mubasher: The main index of the Muscat Securities Market (MSM) closed 1.08% or 60.71 points lower, closing at 5,543.09 points on Tuesday.

The index was affected by a drop in leading stocks, led by the financial and services sectors, as Ahli Bank retreated 6.03%, Bank Dhofar slipped 5.46%, and Shell Oman Marketing shed 5.28%.

The financial sector dropped 1.1%, despite Al Madina Investment’s rise of 1.47%, as Dhofar International Development and Investment Holding declined 5.56% and Al Madina Takaful fell 5.49%.

The services sector edged down 0.71% through the drop of Shell Oman Marketing, and Ooredoo and Renaissance Services’ fall of 1.48% and 0.45%, respectively.

The industry sector levelled down 0.23% due to Oman Fisheries, which dropped 1.65%, and Voltamp Energy, which tumbled 1.44%.

The volume of trading increased on Tuesday to 18.66 million shares against 14.61 million shares on Monday, while trading value went up to OMR 4.45 million against OMR 3.72 million.

Mubasher Contribution Time: 28-Mar-2017 11:34 (GMT)
Mubasher Last Update Time: 28-Mar-2017 11:34 (GMT)