MSX trading value tops 300mn in the first quarter of 2024

MSX trading value tops 300mn in the first quarter of 2024

Muscat: Muscat Stock Exchange (MSX) recorded active trading amid investors’ desire to diversify their investment portfolios during the first quarter of this year.

The exchange received interest from investors for banks, investment companies, telecommunications and energy companies, in addition to the bond and sukuk market as well as companies that transformed into public joint stock companies last year.

The value of trading in the first quarter of this year amounted to OMR304.3 million, compared to about OMR191.4 million in the same period last year, recording an increase of 58.8 percent. The number of deals executed increased from 44,000 to more than 66,000 and the number of securities traded on the exchange increased from 755.9 million to 1.89 billion.

February recorded the highest trading value at about OMR129.8 million, January came in second place at OMR90 million, while March came in third place at OMR84.4 million.

Trading statistics issued by the Muscat Stock Exchange showed an increase in the trading value of Bank Sohar International shares, witnessing trading worth OMR65.3 million, accounting for 21.4 percent of the total trading value in the first quarter of this year.

In the first quarter of this year, OQ Gas Networks witnessed trading worth OMR32.8 million, representing about 11 percent