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MSM in green amid lower liquidity

MSM in green amid lower liquidity
Photo Credit: Arabianeye-Reuters

Mubasher: The benchmark index of Muscat Securities Market (MSM) edged up by 0.93% or 51.01 points week-on-week to reach 5,525.43 points by the week ended on 27 April.

The market’s trading value shrank by 48.75% to OMR 12.15 million from 23.71 million in the previous week. The trading volume decreased by 36.41% to 57.55 million shares from 90.49 million in the past week.

The services segment gained 1.29%, the financial sector rose by 0.7%, and the industrial segment went up by 0.22%.

Al Jazeera Steel Products topped the winners this week with a rise of 10.13%, while Sohar Power led the losers with a drop of 8.11%.

MSM’s market cap increased by 0.27% during this week to OMR 17.89 billion.