Mubasher: Muscat Securities Market (MSM) main index shed 4.71% this week to record its biggest weekly losses since August, 2015.
The market tumbled to its lowest levels since mid-2009.
The main gauge, or MSM30, lost 252.63 points this week, to end at 5,112.52 points, compared with 5,365.15 points last week; thus extending the decline to the third successive week.
Sharia Index also lost 2.70% or 23.06 points to end at 831.34 points, from 854.40 points last week.
The weekly traded volume rose by 51.6% to 68.88 million, from 45.43 million shares. Traded value also increased by 66.9% to OMR 16.11 million from OMR 9.65 million.
Market capitalisation fell by 2.03% during the week to OMR 15.47 billion from OMR 15.79 billion.
The financials sector sagged 5.12%, followed by services (-3.13%) and industrial (-1.90%).
Al Jazeera Steel stock was the biggest gainer (+5.56%), while Galfar Engineering was the biggest loser (-13.24%).
Bank Muscat recorded the biggest traded value of OMR 4.07 million, while United Finance was the volume leader upon exchanging 20.51 million shares.
Translated by Sayed Abdel Rahman
