Mubasher: The Muscat Securities Market closed the last week in January on a positive note after staying for four weeks in red.

The main index, MSM 30, rose 3.07% or 149.51 points to 5,016.51 points, compared to 4,867 points last week. The Sharia Index also surged 0.41% or 3.29 points to 803.26 points, versus 799.97 points a week ago. 

Trading volume jumped 50.8% to 107.05 million shares, against 70.99 million shares exchanged last week. Turnover soared 42% to OMR 26.58 million from OMR 18.73 million.

The market capitalisation reached OMR 15.34 billion, versus OMR 15.13 billion.

The financial sector was the top perforer with a rise of 5.04%, followed by the services and industrial sectors with a growth of 1.78% and 0.07%, respectively.

Gulf Investment Services was the top gainer as it added 11.39%, while Al Hassan Engineering headed decliners after losing 9.23%.

Bank Muscat was the most active as it hit a trading volume of 15.05 million shares exchanged at OMR 6.14 million.

Translated by: Elwy el-Manzalawy