MSM ends week in red on 2 sectors

MSM ends week in red on 2 sectors
MSM traders (Photo credit: MSM's official Facebook page)

Mubasher: The benchmark index of the Muscat Securities Market (MSM) closed the week ended Thursday, 18 May, on a negative note, pressured by the services and industrial sectors.

The MSM30 index shed 0.31% or 17.07 points to close at 5,415.07 points.

The services and industrial sectors shed 0.44% and 0.11%, respectively, while the financial sector added 0.17%.

Traded volume grew 61.91% to 82.24 million shares against 50.79 million shares the week before. Similarly, turnover increased 28.31% to OMR 12.92 million from OMR 10.07 million.

The MSM-listed Financial Services led fallers over the week, sliding 7.41%, while Oman National Engineering and Investment, and Al Hassan Engineering dropped 4.11% and 4%, respectively.

On the positive side, Oman Orix Leasing led risers, soaring 31.09% on the back of acquisition news, followed by Al Madina Takaful with 11.88%.

MSM capitalisation edged up 0.03% to OMR 17.84 billion.

Source: Mubasher