Muscat Market trades reach 252.1M OMR
Muscat Securities Market experienced a rise last week in trading value, reaching 252.1 million Omani rials, an increase of 2.4% compared to the previous week, driven by investors' interest in diversifying their portfolios while awaiting dividend distributions from companies. The market capitalization also increased to 38.33 billion Omani rials. The main index climbed to 7,522 points, up by 14 points, with gains in the financial sector index, which rose by 93 points, while the industrial sector index declined by approximately 100 points. Among the major companies, OQ Industrial had trading volumes worth 47.5 million Omani rials and plans to distribute substantial dividends. Additionally, Bank Muscat and Bank Sohar were among the active institutions, with dividend distributions expected. OQ Exploration and Production’s market value increased by 88 million Omani rials, reflecting a return of profits.
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