MSX index up 50 points to close at 4,785 points

MSX index up 50 points to close at 4,785 points

Muscat: The main index of the Muscat Stock Exchange (MSX) strengthened its gains last week, benefiting from the initial indicators of the financial results for the third quarter of the current year, which indicated growth in the profits of most leading companies. During the week, the main index rose by 50 points and closed at 4, 785 points, rising for the third week in a row. All sectoral indices recorded an increase except for the industrial sector index, which fell by 33 points, while the financial sector index recorded a strong rise, rising by 115 points, and the services sector index rose by 21 points, and recorded The Sharia index increased by 4 points. The preliminary financial results announced by public joint stock companies last week showed a good performance for most of the leading companies. Bank Sohar's net profits rose in the first nine months of this year to OMR45. 6 million compared to OMR28 million in the same period last year. The net profits of the National Bank of Oman (NBO) rose from OMR35. 5 million to OMR43. 3 million, the net profits of Bank Dhofar rose from about OMR26. 1 million to OMR31 million, and the net