Gulf Arab markets dipped into negative territory on low volumes on Wednesday as investors, focussed on the Muslim holy month of Ramadan and avoiding the region's searing summer heat, stayed away from trading and global cues failed to inspire buying.
In Oman, the Muscat index dropped for the fifth session in succession to a fresh three-year low, dragged down by banks. The bourse ended down 0.2 percent on Wednesday.
Heavyweight Bank Muscat slipped 0.6 percent, while HSBC Oman and National Bank of Oman, the sultanate's second and fourth-largest lenders by market value, fall 1.3 and 2.2 percent respectively.
No comments:
Post a Comment