Okyo E&P reports 19.4% profit rise
Listed companies on Muscat Stock Exchange recorded a net profit of 866.9 million Omani rials during the second quarter, supported by a strong weekly performance driven by positive indicators and dividend distributions. The stock exchange experienced its best weekly performance in nearly a month. The oil sector showed growth in profits, with OQIO Exploration and Production recording a 19.4% increase to reach 199.02 million rials. Data indicated a continued decline in fish prices, expanded grape cultivation, and an increase in the inflation index by 3.2%, reaching its highest rate to date.
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