Muscat - Saba:
The Muscat Stock Exchange's main index resumed its upward trend last week after five weeks of decline, benefiting from investor interest in shares of several companies that registered gains ahead of the conclusion of the annual dividend season.
The main index closed last week's trading at 4,410 points, up 23 points over the week. The financial sector index rose 24 points, the industrial sector index rose 39 points, and the services sector index rose 4 points.
The Shariah index recorded the only decline, falling to 392 points, down 3 points. Trading value last week increased by more than 100 percent, rising from OMR 25.3 million to OMR 55.3 million, driven by investor interest in banking stocks. The number of transactions executed increased from 4,064 to 4,499.
The market capitalization of securities listed on the Muscat Stock Exchange rose to OMR 27.654 billion by the end of last week, recording gains of OMR 41.3 million.
Last week saw the share prices of 28 companies rise, while the share prices of 36 companies declined, and the shares of 23 companies remained stable.
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