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Muscat shares continue fall as profit taking weighs

Muscat shares continue fall as profit taking weighs
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Muscat – Mubasher: Muscat Securities Market (MSM) benchmark index shut Monday in the red, extending a decline to the second successive session, after a six-day winning run.

Hurt by the three sectors, the index lost 0.25%, or 16.10 points to close at 6330.52 points.

Meanwhile, Sharia Index rose 0.03% to 967.62 points.

Sectors were collectively down, as services fell 0.23%, followed by financials that lost 0.20%.

Monday’s traded volume amounted to 14.233 million shares, exchanged in 596 transactions at OMR 4.712 million.

Out of the 49 companies traded today, 20 moved lower, 9 moved higher and 20 remained unchanged.

Al Madina Investment was the top gainer, surging 6.56%, while Al Hassan Engineering was the biggest loser with a fall of 2.52%.

Bank Muscat was the top active with traded volume reaching 3.304 million shares, exchanged at turnover of OMR 1.751 billion.

Translated by Sayed Abdel Rahman