Oman’s stock market declines in October

Oman’s stock market declines in October

Muscat: The Oman stock market declined for the second consecutive month during October-2020, in line with most of the other equity markets in the GCC, Kamco Invest said in its latest report.The MSM 30 index reached 3,557.77 points by the end of the month, recording a decline of 1.6 per cent, following a general downward trend throughout the month, the Kuwait-based investment strategy and research firm said in its GCC Monthly Market report.The decline MSM index came after the 2.93 per cent month-on-month (m-o-m) gain in the services index and 1.23 per cent gain in the Industrial index were more than offset by a decline of 3.63 per cent in the financials Index during the month.The decline in the financial index resulted from a broad-based decline in the sector with