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MSM loses 52 pts at closes; 5th fall in row

MSM loses 52 pts at closes; 5th fall in row
The Muscat Securities Market (Photo credit: Arabianeye - Reuters)

Mubasher: The Muscat Securities Market (MSM) closed Monday on a negative note for the fifth session in a row, amid a collective fall in all sectors.

The benchmark MSM 30 dropped 0.88% or 51.9 points to the level of 5,838.56 points.

Trading volume increased 142.7% to 23.49 million shares from 9.68 million shares exchanged on Sunday, turnover also rose 96.3% to OMR 4.71 million from OMR 2.4 million.

The financial, services and industrial sectors retreated by 1.04%, 0.76% and 0.4% respectively.

Oman Emirates Holding was the worst performing sector after shrinking 4.93%, followed by Al Maha Petroleum Products Marketing which fell by 4.56%.

Oman ORIX Leasing was the largest-traded stock with a volume of 4.62 million shares, while Ominvest made the highest liquidity of OMR 747,880.

Translated by: Elwy el-Manzalawy