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MSM falls 11.83 pts at Tuesday’s close

MSM falls 11.83 pts at Tuesday’s close
(Photo Credit: Arabianeye-Reuters)

Mubasher: The main index of the Muscat Securities Market (MSM) ended Tuesday in the red zone, after dropping 0.22% or 11.83 points, reaching 5,401.59 points.

The industry sector declined 0.64% as National Aluminum Products retreated 5.06%, followed by Raysut Cement with 2.75%, and Voltamp Energy with 1.34%.

The services sector shed 0.13% after Oman Investment and Finance, Oman Telecommunications (Omantel), Oman National Engineering and Investment, and Al Jazeira Services decreased 1%, 0.79%, 0.73%, and 0.63%, respectively.

On the other hand, the financial sector rose 0.22% as Al Madina Investment Co surged 6.15%, followed by Al Madina Takaful with 3.45%, and Oman ORIX Leasing with 3.21%.

Traded volume dropped to 19.26 million shares on Tuesday against 19.46 million shares on Monday, while trading volume declined to OMR 2.53 million against OMR 2.59 million.

Al Madina Takaful was the most active stock with 7.06 million shares exchanged, at a value of OMR 848,590.