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MSM 30 closes in red amid low liquidity

MSM 30 closes in red amid low liquidity
The Muscat Securities Market (Photo credit: Arabianeye - Reuters)

Mubasher: The benchmark MSM 30 of Muscat Securities Market closed Tuesday’s session with a fall of 0.19% or 11 points to the level of 5,937.42 points.

The Shariah index, however, rose by 0.20% or 1.79 point to the level of 890.047 points.

Trading volume decreased 16.89% to 12.19 million shares from 14.67 million share exchanged yesterday. Turnover also shrank 0.10% to OMR 3.125 million from OMR 3.128 million.

The financial and services sectors declined 0.34% and 0.20% respectively, while the industrial grew 0.09%.

United Finance topped gainers by adding 2.78%, whereas Oman Emirates Holding headed losers with a fall of 3.45%.

Ooredoo Oman made the highest liquidity of OMR 501,640, while Bank Nizwa was the largest-traded stock with a volume of 2 million shares.

The index rose yesterday by 0.29% or 17.32 points to 5,948.41 points.

Translated by: Elwy el-Manzalawy