Muscat - Saba:
The main index of the Muscat Stock Exchange recorded new gains last week, rising for the second week in a row, benefiting from the increases recorded by leading stocks in the banking, energy and industrial companies sectors amid an optimistic atmosphere that public joint stock companies listed on the stock exchange will announce further improvement in financial results.
According to what was reported by the Oman News Agency today, Saturday, the index jumped in the middle of last week above the 4600-point level, but it reduced its gains at the end of the week's trading to close at 4597 points, achieving gains of 24 points.
The financial sector index recorded the highest gains, rising 74 points, the industrial sector index rose 18 points, the services sector index rose by about 12 points, and the Sharia index rose to 425 points, recording an increase of two points.
This week, the Muscat Stock Exchange receives the initial financial results of public joint stock companies whose fiscal year ended last December. The optimistic atmosphere pushed stock prices to rise, with 35 securities rising last week, compared to 28 securities whose prices declined, and 15 securities remaining at their previous levels.
The market value of the Muscat Stock Exchange recorded gains of more than 373 million Omani riyals last week, rising by the end of Thursday's trading to 27 billion and 963 million Omani riyals.
The trading value last week amounted to about 23.4 million Omani riyals, compared to 24.7 million Omani riyals in the previous week, recording a five percent decline, while the executed deals recorded a slight decline, concluding the weekly trading at about 6,100 deals.
| more of (Economy) |