3 Hrs
Source:
الرؤية
Muscat Exchange Q2 Profits over 866M Rials
The profits of listed industrial companies on the Muscat Securities Market rose to 175.3 million Omani riyals in the second quarter, amid a 2.6% growth in the GDP, reaching 9.69 billion riyals. The performance was boosted by an increase in domestic purchases to 154 million riyals and the issuance of sovereign sukuk worth 100 million riyals, with a profit margin of 4.2%. Additionally, the stock market recorded a 1% increase, supported by growth in Omani investments. There were warnings about potential thunderstorms and active winds across several governorates, along with offers for flights to Tanzania from Muscat. Furthermore, ministerial decisions were issued, along with alerts about weather disruptions and inconsistencies in student seating arrangements in public schools.
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