Muscat Stock Exchange continues to grow with surge in trading values

Muscat Stock Exchange continues to grow with surge in trading values

The Muscat Stock Exchange, with the total value of trading surging to RO 36.9 million, marking a notable increase from the previous week's RO 19.4 million.

The post Muscat Stock Exchange continues to grow with surge in trading values appeared first on The Arabian Stories News.Muscat: The latest statistical data released by the Muscat Stock Exchange revealed a robust trading environment, with notable increases in trading values for key players in the market. Omantel, one of the leading companies, witnessed trades worth RO 6.8 million, representing a significant portion of the total trading value at 18.4 per cent. Bank Muscat followed closely with trades worth RO 6.2 million, showcasing a strong market presence.

Al Nahda Services, Sohar International Bank, and Ooredoo also made significant contributions to the trading volume, collectively accounting for approximately 63 per cent of the total trading value. This surge in share demand coincided with local investment companies and funds strengthening their portfolios, particularly focusing on companies with positive financial results in the first quarter, indicating growth and improved performance.

Local investment institutions and funds played a pivotal role during the week, accounting for about 77 per cent of the total trading value through purchases. This positive sentiment extended to individual investors, reflecting their optimism regarding the performance of