Muscat Stock Index Falls Last Week
The Muscat Stock Exchange index declined by 265 points last week, closing at 7,316 points, with decreases in the financial, industrial, and services sectors. Meanwhile, trading value increased by 16.7% to 162.6 million Omani riyals. The market capitalization also fell to 36.17 billion Omani riyals, recording weekly losses of 537.6 million riyals. During the week, shares of 54 companies declined, while 24 others rose. Analysts expect the market to resume its upward trajectory as selling pressures ease and companies' quarterly results improve.
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