MSX in August records its best closing level since last March

MSX in August records its best closing level since last March

Muscat: The Muscat Stock Exchange in August recorded the best closing level since last March, after the main index of the stock exchange rose close to the level of 4, 800 points, recording a monthly rise of 22 points, rising for the third month in a row. The index closed in March at 4, 863 points, but it declined in April to 4, 718 points and continued its losses in May, falling to 4, 626 points. However, it was able to rise by more than 141 points in June and continued its rise in July, rising by about 8 points to 4, 776 points, and doubling its gains. Last month, August trading ended at about 4, 799 points. These gains came in conjunction with the improvement witnessed by the national economy, the rise in the Sultanate of Oman's ranking in international indicators, the decline in public debt, the rise in gross domestic product (GDP), and the state's general budget achieving a surplus of OMR656 million in the first half of the current year. These indicators are expected to be reflected in the performance of companies. Public shareholding listed on the stock exchange. The sectoral indicators witnessed a variation in their