Omani investors drive Muscat Stock Exchange surge

Omani investors drive Muscat Stock Exchange surge

Omani individual investors led the charge on the Muscat Stock Exchange, contributing 38.5% of the total trading value.

The post Omani investors drive Muscat Stock Exchange surge appeared first on The Arabian Stories News.Muscat: Among the top-performing stocks that attracted investor attention were Sohar International Bank, National Bank, Galfar Engineering and Contracting, OQ Gas Networks, and Raysut Cement. Sohar International Bank particularly shined, emerging as the most traded company by value, with trades worth RO 5.6 million, representing 24.8% of the total trading value.

The collective interest in these leading stocks fueled a positive momentum in the market, with the main index of the Muscat Stock Exchange climbing approximately 60 points to close at 4773 points. The financial sector index surged by 140 points, while the industrial and services sector indices recorded significant increases.

Noteworthy market movements included the rise of 32 securities, compared to 27 securities that saw declines and 22 securities that maintained stability. Al Madina Investment Holding’s stock stood out with a remarkable 27.2% increase, reaching 70 baisas. It was closely followed by Bank Sohar International, which saw a 14.2% rise, closing at 137 baisas.

However, amid the market’s upward trajectory, certain stocks experienced declines, with Barka Water and Energy shares