MSX trading value jumps 44% to top OMR90mn in February

MSX trading value jumps 44% to top OMR90mn in February

Muscat: Trading value on the Muscat Stock Exchange (MSX) increased in February to OMR129.8 million, compared to about OMR90.1 million in January 2024, recording an increase of 44 percent.

Benefiting from the increase in trading in Bank Sohar, government development bonds (GDBs), and energy companies, which attracted investors to it amid positive expectations regarding its financial performance during the current year.

The Muscat Stock Exchange also witnessed a 132 percent increase in the total number of securities traded, which rose to about 866.1 million securities in February, compared to 373 million securities in January on the back of investors’ focus on stocks with low market value. The number of transactions executed declined to 18,940 deals in February from 21,265 deals in January.

In February, the stock market's main index recorded a decline of 7 points and closed at 4,554 points. The financial sector index declined by 275 points and closed at 7,094 points, while the services sector index was able to rise by 163 points, registering an increase of 10.4 percent and closing at 1,733 points. The Sharia index rose by 6 points. It closed at 446 points.

Bank Sohar topped the most traded securities in terms of trading value after witnessing trades worth