24 Hrs
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وكالة الأنباء القطرية
Muscat Stock Exchange Falls Last Week
Last week, Muscat Stock Exchange experienced a widespread decline due to selling pressures from investors amid ongoing geopolitical tensions. The main index dropped to 7,678 points, down by 154 points, after previously rising above 8,000 points. Despite improved performance and increased profits among financial companies during the third quarter of the year, the market did not respond positively due to intensive selling, particularly by regional and foreign institutions. The overall market capitalization recorded losses of 521 million Omani rials, and trading value decreased to 273.8 million rials, even though the number of transactions increased by 20% to over 72,000. Continued tensions and declines in leading stocks had a negative impact on the market, with continued declines across various sector indices.
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