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Muscat index closes on negative note

Muscat index closes on negative note
Trading volume reached 20.85 million shares (Photo credit: Arabianeye - Reuters)

Mubasher: Oman’s MSM 30 index ended Tuesday’s session falling by 0.06% or 3.56 points to the level of 5,766.49 points.

Trading volume shrank to 20.85 million shares from 32.52 million shares exchanged on Monday, turnover also decreased to OMR 3.15 million from OMR 5.89 million.

The services sector dropped 0.07% as Phoenix Power fell 3.33%, while the industrial and financial sectors rose 0.51% and 0.14% respectively.

Al Hassan Engineering topped losers after falling 4%, whereas Al Madina Takaful headed gainers with an increase of 7.06%.

Al Madina Takaful led the trading activity with a volume of 5.08 million shares exchanged at OMR 463,992.