MSM sees positive performance in February

Mubasher: The Muscat Securities Market (MSM) saw marginal gains in February on the back of the financial and industry sectors’ gains.

The benchmark index MSM 30 gained 0.77% or 44.79 points and closed at the level of 5,780.03 points.

Traded volumes increased to 255.48 million shares compared to 227.936 million shares in the previous month, while traded values went up to OMR 63.61 million from OMR 58.069 million by the end of January.

The industry sector index added 4.21% on the back of Oman Fisheries which surged 60.40%, and Galfar Engineering which grew 10.71%.

Similarly, the financial sector went up 3.14%, as Al Izz Islamic Bank and Al Anwar Holdings rose 4.55% and 3.78%, respectively.

On the other hand, the services sector slipped 0.16% as Renaissance Services and Oman Investment and Finance declined by 13.64% and 5.76%, respectively.

Mubasher Contribution Time: 28-Feb-2017 21:51 (GMT)
Mubasher Last Update Time: 01-Mar-2017 07:22 (GMT)