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MSM closes in red, dragged by financial sector

MSM closes in red, dragged by financial sector
Photo Credit: Arabianeye-Reuters

Mubasher: Muscat Securities Market (MSM) ended Tuesday in the red to reverse the winning streak it maintained for three sessions.

The general index lost 0.19% or 10.45 points to reach 5,388.02 points.

Shariah index rose 0.05% to reach 833.75 points.

Trading volume reached 37.4 million shares through 1,684 transactions, with turnover reaching OMR 8.1 million.

The financial sector declined 0.24%, while the industrial and services sectors rose 0.43% and 0.14%, respectively.

United Power topped gainers after adding 9.88%, while the Construction Material Industry led losers after falling 3.33%.

Oman International Development and Investment Co. was the most active company after generating 5.36 million shares, with a trading value of OMR 2.4 million.