MSX trading value rises 9.6% to top OMR90mn in January

MSX trading value rises 9.6% to top OMR90mn in January

Muscat: The Muscat Stock Exchange (MSX) recorded a number of positive results in January 2024. The trading value of MSX increased by 9.6 percent from its level in December 2023, and the main index recorded an increase of more than one percent, while the number of transactions executed and the market value of public joint-stock companies listed on the stock exchange increased.

Trading data issued by the MSX indicated that the trading value rose in January to about OMR90.1 million, compared to OMR82.1 million in December 2023. The number of transactions executed in January 2024 increased to 21,265 deals, compared to 16,683 deals in December 2023.

OQ Gas Networks (OQGN) shares accounted for about 20 percent of the total trading value, with transactions worth OMR17.7 million. The company distributed cash dividends of 7.6 baisas per share, and the sixth issuance of sovereign Sukuk witnessed trades worth OMR10.7 million.

While Bank Muscat shares witnessed trades worth OMR9.4 million, representing 10.4 percent of the total trading value, Omantel ranked among the most traded companies in terms of trading value with OMR9.1 million and the third issuance of sovereign Sukuk came in next with trades worth OMR9.1 million.

The market value of public joint stock companies rose