24 Hrs
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وكالة الأنباء القطرية
Muscat Exchange Market Cap Grows
Last week, the Muscat Stock Exchange experienced a significant increase in market value, with total gains amounting to 640.6 million Omani rials, bringing the overall market capitalization to approximately 39.9 billion rials. Trading value also rose by 58%, reaching 417.3 million rials compared to 263.4 million rials in the previous week. The number of executed transactions increased by 27% to over 60,000 deals. Additionally, the main index of the exchange rose by 233 points, closing at 7,832 points — its highest level in five months. This reflects a strong investor interest from both domestic institutions and Omani individuals, following the announcement of companies’ preliminary financial results for the first quarter of the current year. The financial sector was the primary beneficiary of this upward trend, with its index rising by 317 points to close above 14,000 points. This was followed by the industrial sector, which increased by 152 points, and the services sector, which gained 87 points. The Shariah-compliant index also rose by 15 points. Meanwhile, prices of 55 securities increased, 21 declined, and 26 remained unchanged from their previous levels.
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