MSM rises in week

Mubasher: The benchmark index for Muscat Securities Market (MSM) ended the week up 0.83%, or 48.14 points, closing at 5,859.96 points.

Market value increased by around OMR 34.62 million ($89.92 million), during the week that ended 14 July, closing at OMR 17.09 billion ($44.39 billion), compared to OMR 17.6 million ($45.71 million) in the week that ended 4 July.

The Sharia index slipped 0.02%, closing at 894.51 points.

The financial sector rose 2.24%, while the services sector was down 0.68%, and the industrial sector decreased by 0.36%.

Oman United Insurance Company led the gainers, surging 13.78%, while Al Hassan Engineering was the biggest loser with 4.88%.

Al Anwar Holding had both the biggest traded value and volume, with 8.66 million shares traded, representing 12.91% of the total volume, and a turnover of OMR 1.56 million ($4.05 million), accounting for 10.77% of the MSM’s total traded value.

Overall, the traded volume jumped 177.46% to 67.01 million shares, compared to 24.15 million shares traded last week.

Traded value also leaped by around 237.52% to OMR 14.48 million ($37.61 million), compared to OMR 4.29 million ($11.14 million) last week. It is worth noting that the week ended 4 July saw only 2 trading sessions due to the Eid Al-Fitr holidays.

Mubasher Contribution Time: 14-Jul-2016 15:43 (GMT)
Mubasher Last Update Time: 14-Jul-2016 15:43 (GMT)