Mubasher: The Muscat Securities Market (MSM) ended the week in the red, amid pressure from the Gulf and foreign investors’ selling.
The benchmark MSM30 index shed 0.49% or 28.34 points and closed at 5,734.14 points.
The financial services sector was the only faller, shedding 0.32%, while the services and industrial sectors gained 0.36% and 0.28%, respectively.
Gulf and foreign investors’ sales netted OMR 516,630 against Omani and Arab purchases, which netted OMR 1.12 million and OMR 58,090, respectively.
Al Anwar Holding led this week’s fallers, sliding 12.78%, followed by Galfar Engineering and Al Hassan Engineering, which lost 5.81% and 5.66%, respectively.
On the other hand, Oman Fisheries led risers, jumping 30% during the week, while Port Services Corp. and National Finance added 7.69% and 6.87%, respectively.
Traded volume grew 58.18% this week to 80.95 million shares traded, compared to last week’s 51.12 million shares. Similarly, turnover increased 57.53% to OMR 19.05 million from OMR 12.09 million a week ago.
The Omani bourse’s market capitalisation slipped 0.1% this week to OMR 17.44 billion, compared to last week’s closing of OMR 17.46 billion.
