MSX sees increased interest in buying by investors

MSX sees increased interest in buying by investors

Muscat: Investors' interest in buying increased the Muscat Stock Exchange (MSX) with the market capitalisation of securities listed on the MSX rising to OMR24.15 billion during the week, recording weekly gains of OMR76.2 million, benefiting from investors' interest in buying and the rise in stock prices.

During the week, prices of 35 securities rose compared to 34 securities whose prices declined, and 12 securities remained unchanged at their previous levels. Barka Water and Power shares recorded the highest increase, rising by 35 percent and closing at 88 baisas, SNN Power Holding shares rose by 29 percent and closed at 249 baisas, Al Hassan Engineering shares rose 11 baisas, an increase of 10 percent, Al Anwar Investments shares rose by 6.2 percent and closed at 85 baisas and National Bank of Oman (NBO) shares rose to 275 baisas, an increase of 5.7 percent.

Oman Cement stock came at the top of the losing stocks, declining by 11.9 percent and closing at 502 baisas, Gulf International Chemicals stock fell to 90 baisas, down 10 percent, National Mineral Water stock also fell by 10 percent and closed at 45 baisas, and Salalah Mills stock fell to 475 baisas and Muscat Thread Mills shares fell by