Omani market adds 0.68% in week

Mubasher: The main index of Muscat Securities Market, MSM 30, gained 0.68% or 35.93 points this week, reaching the level of 5,326.67 points, against a decline of 2.11% or 113.77 points to 5,290.74 points.

The Shariah index also leapt 1.02% or 8.46 points to 834.58 points, compared to 826.12 points.

Trading volume increased 27.7% to 85.4 million shares, versus 66.85 million shares exchanged last week.

Turnover rose 31.1% to OMR 18.76 million ($48.7 million) from OMR 14.31 million ($37.16 million).

The market value reached OMR 16.289 billion ($42.30 billion).

The financial sector advanced 1.21%, while the services and industrial fell 0.24% and 0.1% respectively.

Nizwa Bank topped gainers after adding 5.97%, whereas Al Hassan Engineering was the worst performer after falling 10.29%.

Muscat Bank was the most active share with a trading volume of 14.16 million shares worth OMR 5.7 million ($14.8 million).

Translated by: Elwy el-Manzalawy

Mubasher Contribution Time: 17-Mar-2016 13:07 (GMT)