Mubasher TV
Contact Us Advertising   العربية

MSM main index retreats at Monday’s close

MSM main index retreats at Monday’s close
(Photo credit: Arabianeye-Reuters)

Mubasher: The main index of the Muscat Securities Market (MSM) ended its trading session on Monday down 0.89% closing at 5,603.8 points, after losing 50.22 points compared to its level on Sunday.

The index was pressured by a drop of leading shares, topped by Gulf International Chemicals Company with 9.62%, followed by the National Bank of Oman (NBO) with 7.5%, and Gulf Investment Services Holding Company with 2.65%.

The sectors were down collectively led by the financial sector with 1.36%, pressured by 11 shares as Al Madina Takaful declined 2.15% and Al Sharqiya Investment Holding Company lost 1.71%.

The industrial sector shed 0.75%, pressured by five shares, topped by Muscat Thread Mills with 9.78% and Al Jazeera Steel Products Company with 4.15%.

The services sector fell 0.21%, pressured by four shares, with Port Services Corporation down 2.03% and Phoenix Power losing 1.4%.

Oman Education and Training Investment's share trimmed the services sector's losses, after leading the MSM's gainers with 4.51%.

Trading volume rose to 14.61 million shares against 9.11 million shares on Sunday. Similarly, traded value increased to OMR 3.72 million versus OMR 2.45 million in the previous session.