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MSM gains in week backed by financials, services

MSM gains in week backed by financials, services
Photo Credit: Arabianeye - Reuters

Mubasher: Muscat Securities Market (MSM) strengthened during the week, powered by financial and services sectors.

The benchmark index rose 0.44% or 25.64 points to end the week at 5,791.06 points, compared with 5,765.42 points a week earlier.

Meanwhile, the Sharia index fell by 0.44% or 4 points to 902.66 points, down from 906.66 points.

The financial and services sectors advanced by 0.68% and 0.03% in a row, while the industrial sector slid by 0.56%.

A total of 1.08 billion shares were exchanged during the week at turnover reaching OMR 128.4 million.

Tracking stock performance, Building Materials was the best performer, rising 5.88%, while Oman & Emirates was the biggest drag, with a fall of 4.85%.

HSBC Oman was the most active with traded volume of 1.02 billon shares and turnover reaching OMR 112.36 million.