(MENAFN- Qatar News Agency) Muscat Security Market (MSM) index closed at 5668 points, down by 127 points, constituting 2.2%, down for the fourth consecutive week. The sectoral indices declined, ranged from 232 points to the index of the financial sector, about 19 points to the index of Sharia market, 171 points to the industry index, and 52 points to services index.
The market value of listed companies at MSM by the end of last week fell to Omani Riyal (RO) 14 Billion and 656 Million, losing RO 153.1 Million during the week with the increasing pressures of a private sale of foreign investors at a time when local funds and major investment companies have not been able to absorb the sale wave.
Statistics issued by MSM pointed out that foreign sales reached during last week RO 3.4 Million, constituting 28.7% of the trading value witnessed by the market, amounting to RO 11.7 Million against purchases by RO 713.000, representing 6% of the trading volume.
MSM Market witnessed last week a decline in all indicators. In addition to the decline in market value, the trading volume fell to RO 11.7 Million, compared to RO 15.3 Million in the previous week, down for the third consecutive week. Shares of 39 companies fell, shares of 9 companies rose, and 12 companies maintained their previous levels.
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