Muscat Index Falls Amid Tensions
The Muscat Securities Market Index experienced a decline of approximately 163 points last week, closing at 7,480 points, amid escalating geopolitical tensions in the region. The market also saw a decrease in trading value from 247.8 million Omani rials to 137 million and 53 thousand rials. The number of transactions declined by 28%, totaling 41,758 deals. Losses were primarily concentrated in the industrial sector indices, which dropped by 178 points, and in the financial sector by 145 points. Meanwhile, 20 companies saw their shares increase, while 55 companies experienced declines. Sources confirmed that regional tensions continue to persist and are impacting the market.
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