MSX rises to 4,802 points in weekly trading

MSX rises to 4,802 points in weekly trading

Muscat: The Muscat Stock Exchange (MSX) witnessed a good performance of the main which rose for the second week in a row and closed at 4,802 points, an increase of 10 points during the week. The Sharia index recorded a slight increase at one point, while the services sector index fell by 18 points, and the industrial sector index lost 5 points.

Banks listed on the Muscat Stock Exchange last week accounted for 39 percent of the total trading value witnessed by the Muscat Stock Exchange during the week, amounting to OMR13.8 million. Sohar International Bank came at the forefront of the most traded companies in terms of trading value after witnessing trades worth OMR1.68 million representing 12.1 percent of the total trading value. Bank Muscat came in second place with trades amounting to OMR1.44 million and National Bank of Oman (NBO) came in third place with trades amounting to OMR1.35 million.

During the week, the Muscat Stock Exchange recorded a decline in trading value by 48 percent compared to its level in the previous week, amounting to OMR27.1 million. The number of transactions executed also decreased from 3,547 to 3,010 recording a decline of 15 percent.

The market value of the Muscat