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Muscat shares shut in red; main gauge loses 54 pts

Muscat shares shut in red; main gauge loses 54 pts
Photo Credit: Arabianeye - Reuters

Mubasher: Muscat Securities Market (MSM) lost 0.93% or 54 points to close Wednesday’s session at 5,750.88 points.

Likewise, Sharia index fell 0.93% or 8.5 points to 916.99 points.

Wednesday’s traded volume amounted to 12.45 million shares, exchanged in 787 transactions at turnover reaching OMR 3.48 million.

Sectors were collectively in red, led by financials that lost 1.31%, followed by industrial (-1.1%), then services (-0.43%).

Oman Textile was the best performing stock, with a surge of 9.83%, while United Energy led decliners with a fall of 9.94%.

Omnivest was the top active across the board, upon trading 2.35 million shares at turnover reaching OMR 1.08 million.