MSX records highest trading value in 5 years

MSX records highest trading value in 5 years

Muscat: The Muscat Stock Exchange (MSX) recorded last year the best trading value in 5 years, benefiting from the demand for buying by local and foreign investment funds, institutions and Omani individuals, with the improvement in stock prices, the rise in profits of public shareholding companies listed on the stock exchange, and the rise in oil prices.

Last year, the trading value rose to about OMR940.3 million, up for the third year in a row, after witnessing transactions worth OMR441 million in 2020, and OMR818.2 million in 2021.

The trading value witnessed by the Muscat Stock Exchange last year is the best trading value since 2017, amounting to OMR992.7 million. Efforts to attract foreign investments in a number of economic sectors for diversification as well as preparing for new subscriptions on the MSX to be launched by the Omani Investment Authority (OIA) during the current year as part of its plan to exit some investments, will contribute to providing new options for investors and thus raise the value of trading on the stock exchange.

Last year, the Muscat Stock Exchange recorded a number of other positive indicators. The main index of the Stock Exchange increased by 17.6 per cent, which is higher than