Muscat Stock Exchange hits record trading value in 2023

Muscat Stock Exchange hits record trading value in 2023

The Muscat Stock Exchange (MSM) witnessed a surge in its trading activity last year, marking a notable milestone with the highest trading value since 2015

The post Muscat Stock Exchange hits record trading value in 2023 appeared first on The Arabian Stories News.Muscat – The Muscat Stock Exchange (MSM) marked a significant milestone in 2023, soaring to its highest trading value since 2015 at OMR 132 million, signifying a remarkable 20.4 per cent surge amounting to OMR 940.2 million.

Following a fluctuating trajectory, the stock exchange experienced a notable increase, especially in 2021 and 2022, bouncing back from the pandemic-induced slump in 2020 when it dipped to OMR 441 million. The resurgence witnessed a robust ascent, surpassing OMR 818 million in 2021 and escalating further to OMR 940 million in 2022.The surge in trading activities was fueled by increased investor interest in 2023, notably with the listing of Abraj Services Power and OQ Gas Networks as public joint stock companies. OQ Gas Networks emerged as the third most traded company, with transactions worth OMR 97.3 million, while Abraaj Energy Services secured the fifth position with OMR 67.7 million. Bank Muscat dominated the trading landscape, accounting for 31.5 per cent of the total