Muscat Exchange Sees Bank and Industry Interest

During the past month, the Muscat Securities Market experienced a rise in stock performance. The prices of 54 securities increased, while 41 others declined. Investors primarily focused on banks, investment and finance companies, insurance firms, and the industrial sector. This activity led to a rise of approximately 220 points in the financial sector index and about 200 points in the industrial sector index. Meanwhile, the main index decreased to 7,566 points due to the decline in the share prices of some companies. The market’s total market capitalization increased by 590 million Omani rials, reaching 39.23 billion rials, despite a 6.4% drop in trading value to 914 million rials. The market saw trading worth 224.4 million rials in Bank Sohar International shares. Dhofar Foods & Investment and Omani Kromes were the top gainers, rising by 32.2%. Conversely, the most declined stocks were Oman Aluminum and Aseer Marine Shipping. Additionally, the bond and sukuk market experienced a 42% decrease in trading volume.