Oman- MSM30 drops to lowest since end March

8/17/2015 4:49:09 PM

(MENAFN- Muscat Daily) Muscat-

Slipping to its lowest level since end of March this year the MSM30 index dropped 1.15 per cent on Monday to 6219.77 on cautious sentiment and external factors.

The Financial sub-index marked another day in negative territory losing 1.23 per cent to 7554.17. The Industrial gauge fell 0.96 per cent to 7973.91 and the Services index gave up 0.72 per cent to end at 3388.02.

The MSM Shariah index declined 0.79 per cent to 962.53.

Volumes jumped 73.44 per cent to 12.6mn while total turnover increased 16.44 per cent to RO3.57mn. Market breadth was largely negative with 34 stocks closing down five posting gains and 12 remaining unchanged.

United Power (+9.95 per cent) Sharqiyah Desalination (+2.44 per cent) and Al Hassan Engineering (+1.10 per cent) were the top gainers for the day whereas Galfar Engineering (-3.70 per cent) Al Omaniya Financial (-3.13 per cent) and AlMadina Investment (-3.08 per cent) were among the top laggards.

By special arrangement with Oman Arab Bank - Investment Management Group

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