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الاقتصادية
Muscat Market Profits Rise 26%
The profits of publicly listed joint-stock companies on the Muscat Securities Market reached approximately 1.2 billion Omani Riyals during the first half of 2023, representing a 26% increase compared to 949.8 million Riyals in the same period last year. This positive performance reflects higher operational efficiency, cost rationalization, product diversification, as well as increased government spending and rising oil prices. Profits of 82 companies increased compared to 80 companies in the previous year, with some major companies also seeing improvement, such as Omantel, which recorded a 73.5% increase, and OQ, which saw its profits rise by 19.4%. Meanwhile, trading value surged to 6.9 billion Riyals, and the market capitalization reached 36.7 billion Riyals, marking a growth of 30%.
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