Muscat Securities Market ends September lower by 1.24%

Muscat Securities Market ends September lower by 1.24%

MUSCAT: MSX30 Index ended the week higher by 1.24%. The Financial Index was higher by 1.50%, the Services Index also ended the week up by 0.66%. The Industrial index closed down by 0.31%. The MSX Shariah Index went up by 0.39%.

Bank Muscat and Galfar Engineering and Contracting Company have signed an agreement for a RO 39mn financing facility. Through this agreement, Bank Muscat will provide Galfar with additional project-specific credit facilities of nearly RO 39mn, the bank said in a press statement. The agreement was signed by Ahmed Faqir al Bulushi, chief banking officer of Bank Muscat and Dr Hamoud al Tobi, CEO of Galfar, in the presence of Ilham Murtadha al Hamaid, general manager – corporate banking at Bank Muscat and senior officials from both institutions. Bank Muscat noted that Galfar is one of its largest and oldest corporate customers with a relationship spanning decades.

The Sultanate of Oman and the United Arab Emirates (UAE) signed at Al Alam Palace the following 16 agreements and memorandums of understanding in various areas. This came within the context of the current state visit of Shaikh Mohammed bin Zayed al Nahyan, UAE President to the Sultanate of Oman.

• MoU was signed in the