Muscat Market Advances for Seventh Week
Reports indicated that Muscat Securities Market strengthened its gains over the past week, with the main index rising for the seventh consecutive week to close at 7,647 points, an increase of 19 points. The market value grew to 39.4458 billion Omani rials, reflecting a weekly increase of 530.6 million rials. This was driven by rises in banking, industrial, services, investment, and energy stocks, with the number of executed trades reaching approximately 47,000 transactions, despite a 19% decrease in trading value to 196.9 million rials. Bank Sohar International led the list of most traded companies, with trades totaling 51.4 million rials, while most stocks saw gains, most notably the Building Materials Manufacturing Company, which increased by 15.4%.
Notice: This Is an AI-Generated Summary
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