MSX records best trading value in October

MSX records best trading value in October

Muscat: The Muscat Stock Exchange (MSX) recorded the best trading value during October in the current year at OMR161. 9 million, benefiting from the listing of OQ Gas Networks (OQGN) Company and the increase in the trading value of Bank Muscat shares following Dubai Financial Group selling part of its stake in the bank. The trading value of OQ Gas Networks shares, which were listed on the Muscat Stock Exchange last October 24, amounted to OMR61. 8 million, representing 38. 1 percent of the total trading value, while Bank Muscat recorded 31. 8 percent of the total trading value after the value of its traded shares reached OMR51. 4 million. OQ Gas Networks led the Muscat Stock Exchange to record numbers in trading volume and transactions executed. Last month, the MSX witnessed the trading of 749. 6 million securities, which is the highest monthly level of securities traded on the stock exchange during the current year, and OQ Gas Networks recorded 54 percent of the total number of securities. Traded transactions also recorded a new record level, rising to 31, 056 deals, compared to 29, 315 deals executed in March, when Abraaj Energy Services was listed on the stock exchange.