Muscat - Saba: The value of trading on the Muscat Stock Exchange jumped last week to 21.2 million Omani riyals compared to 9.3 million Omani riyals in the previous week, recording a 126 percent increase, benefiting from investors' interest in bank shares and a number of other leading companies whose shares declined during the past weeks and became more attractive to investors.
According to what was reported by the Oman News Agency on Saturday, this comes at a time when investors are awaiting the financial results for the third quarter of this year, which are expected to be announced within the next two weeks and the launch of the subscription in OQ Exploration and Production on September 30.
Last week, the Muscat Stock Exchange witnessed a 90 percent increase in the number of executed deals, which rose to 3,064 deals compared to 1,606 deals in the previous week.
The market value of securities listed on the stock exchange last week recorded gains of about 20 million Omani riyals, rising by the end of Thursday's trading to 24 billion and 534 million Omani riyals. This rise came as a result of the rise in the market value of companies listed on the closed market, which rose by the end of last week's trading to ten billion and 923 million Omani riyals. While public joint-stock companies recorded a decline in their market value, affected by the decline in stock prices, with the prices of 36 securities falling, compared to 19 securities whose prices rose, and 19 other securities remained stable at their previous levels.
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