12 Hrs
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الوطن
Muscat Market Index Hits 4-Week High
Last week, Muscat Stock Exchange experienced a significant increase in its main index, reaching 7,508 points, the highest level in four weeks, surpassing the 7,500-point mark. This notable rise followed the announcement of the first-half financial results and the attainment of interim profits by many companies, along with upcoming dividend distributions from companies such as OQ, Oman's Sided, and the Pearl Investment Fund. The prices of 37 stocks rose, led by Omani Packaging, Abraj Energy Services, and OMINVEST. The market capitalization increased by 360.7 million Omani riyals to 38.1899 billion riyals. Despite the index's rise, trading value declined by 7%, falling to 246.1 million riyals, with a total of 41,760 transactions. Bank Sohar dominated trading volume with the highest value of 50.5 million riyals, though this did not prevent the decline of some stock prices, most notably Omani Financing's bonds, which decreased by 13%.
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