Oman stocks rebound after decline
Muscat Stock Exchange witnessed a significant rise in its stocks over the past week, with the main index increasing by 160 points to reach 7,277 points. This was supported by a growing interest among individual and local Gulf investors in buying. Sector indices collectively recorded gains, with most leading stocks such as Bank Muscat, Ooredoo Oman, Bank Sohar International, as well as oil, energy, and basic industries companies, experiencing notable increases. The financial sector index saw the largest jump, rising by 257 points. Additionally, the trading value surged by 40%, exceeding 255 million Omani rials, and the number of transactions increased by 15.8% to over 46,000 deals, driven by improved financial results of companies in the first half of the year.
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