MSM loses 99 points in January

MUSCAT: The main index of Muscat Securities Market (MSM) lost 99 points in January 2018 to close at 4,999 points, affected by the initial financial results of the public shareholding companies which showed a decline in the performance of many companies. The sectoral indices also declined in varying degrees. The financial sector index recorded the highest decline, to close at 7,375 points, a decline by 98 points. The industrial sector index lost 51 points, the services sector 23 points and the Sharia index about one point. During January, MSM listed on Muscat City Desalination Company in the parallel market with a capital of RO 15.5 million after the company offered 54.4 million shares of its capital at a price of 116 Baisa for public subscription, which led the trading volume to increase to 304.9 million securities. — ONA