MSM sees losses at open

Mubasher: Muscat Securities Market (MSM) saw a bearish performance in Tuesday’s early trades.

MSM 30 lost 0.31% or 16.52 points to reach 5,379.84 points by 10:45am Oman time.

Shariah index decreased 0.28% or 2.34 points to reach 832.16 points.

The market saw trading of 1.52 million shares through 129 transactions, with turnover of OMR 553,990.

The services sector decreased 0.32%, followed by the industrial and financial sectors at 0.04% and 0.03%, respectively.

Omantel was the worst performer after falling 2.81%, while Al Madina Investment Co. topped gainers after adding 1.64%.

Al Izz Islamic Bank was the most active company after trading 278,870 shares, while Omantel was the value leader after generating OMR 358,000.

Mubasher Contribution Time: 08-Mar-2016 07:01 (GMT)