Listed financing firms' profits grow in Muscat market
The profits of publicly listed industrial companies on the Muscat Securities Market increased to 175.3 million Omani rials in the second quarter. Financing companies saw a 30.5% rise in profits during the first half of the year. Meanwhile, refinery production declined by 5.1%, reaching 108.8 million barrels. The market also experienced a decrease in trading volumes, totaling 48.1 million rials. Additionally, 39 contracts were signed with investments exceeding 214 million Omani rials in Sohar Industrial Area. There are forecasts of thunderstorms over the Hajar Mountains, Dhofar, and the central regions, accompanied by warnings that escalation could lead to adverse outcomes in the Gulf of Oman crisis. This is occurring amidst regional and international political and military movements concerning potential tensions.
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