Muscat Stock Exchange surpasses $101 billion
The market capitalization of Muscat Stock Exchange rose to approximately $101.14 billion, achieving weekly gains of 600 million Omani riyals, driven by an increase in trading volumes and values, along with improved stock performance. The bond and sukuk market also increased to $14.38 billion after issuing 84 government development bonds worth 100 million riyals, with an annual interest rate of 4.5%. The main index of the exchange rose by 95 points, with trading value increasing to 244.7 million riyals and the number of transactions exceeding 44,000, reflecting investor optimism and improved economic performance.
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