MSX trading value rises to OMR22.6mn

MSX trading value rises to OMR22.6mn

Muscat: Omani individual investors tended to buy in the current week’s trading on the Muscat Stock Exchange, accounting for 38.5 percent of the total trading value witnessed in the stock exchange last week, amounting to OMR22.6 million.

The shares of Sohar International Bank, National Bank, Galfar Engineering and Contracting, OQ Gas Networks, and Raysut Cement attracted investors, topping the most traded companies in terms of the number of shares traded. Sohar International Bank topped the most traded companies in terms of trading value after witnessing trades worth OMR5.6 million, representing 24.8 percent.

Out of the total trading value, the National Bank came in second place with 3.1 million Omani rials, Galfar Engineering and Contracting ranked third with 2.5 million Omani rials, Bank Muscat came fourth with 1.3 million Omani rials, then Abraaj Energy Services ranked fifth with trades amounting to about 1.2 million Omani rials. One million Omani rials represents 5.2 percent of the total trading value.

The strong interest received by leading stocks prompted the main index of the Muscat Stock Exchange to resume its rise, rising by about 60 points and closing at 4,773 points. The financial sector index rose by 140 points, the industrial sector index recorded an increase of