Muscat - Saba:
The market value of the Muscat Stock Exchange (MSX) rose by the end of last week's trading to OMR 27 billion and 659.7 million, recording weekly gains of approximately OMR 327 million.
This increase was driven by the rebound in stock prices and the rise in the market value of the closed market.
Last week, the Muscat Stock Exchange saw share price increases for 30 companies. These gains were reflected in the MSX indices, all of which closed higher. The main index rose by 58 points to close at 4,410 points, while the financial sector index climbed by 48 points. The industrial sector index increased by 36 points, and the services sector index rose by 13 points. The Sharia index also advanced, gaining 8 points to reach 412 points.
The weekly gains came as several pressures that had affected the exchange in previous weeks eased. Meanwhile, public joint-stock companies listed on the MSX announced improved financial results for the first quarter of the current year, along with several positive disclosures that boosted stock prices.
However, last week also saw share price declines for 26 companies on the Muscat Stock Exchange.
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