Muscat - Saba:
Muscat Stock Exchange recorded a significant rise in weekly trading value, reaching OMR 111.6 million, more than doubling from OMR 52.6 million the previous week. The surge was largely driven by strong participation from local institutional investors, who accounted for over 76% of total trades.
The rally coincided with the release of preliminary H1 financial results by publicly listed companies, boosting investor confidence and prompting profit-taking by retail traders.
Bank Muscat led the market with OMR 32.4 million in trades, representing 29% of total exchange activity. It was followed by OQ Gas Networks at OMR 22.6 million and Asyad Shipping at OMR 14.4 million.
Additionally, Bank Muscat announced the appointment of "Ubhar Capital" as a liquidity provider for one year as part of efforts to enhance market attractiveness.