Oman Stock Index Gains Last Week
Last week, the Muscat Stock Exchange indices experienced an increase, with the main index rising by 160 points to close at 7,277 points, supported by the strong buying activity from local and Gulf individual and institutional investors due to improved financial results of companies for the first half of the year. The market saw shares of 45 companies increase in price, while 25 companies experienced a decline. Trading value increased by 40% to exceed 255 million Omani rials, and the number of executed transactions rose by 15.8% to more than 46,000 deals. Additionally, the market's market capitalization grew by 412 million Omani rials, reaching approximately 37.58 billion rials, reflecting an improved market performance in terms of confidence and the financial results of listed companies.
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