Banks dominate Muscat Stock Exchange trades

Banks dominate Muscat Stock Exchange trades

Banks accounted for 39 percent of trades on the Muscat Stock Exchange (MSX) last week, driving the financial sector index to a significant rise.

The post Banks dominate Muscat Stock Exchange trades appeared first on The Arabian Stories News.Muscat: The index surged by 116 points, closing at 7,865 points, marking the best performance among MSX indices.

The main index of the MSX also performed well, rising for the second consecutive week and closing at 4,802 points, an increase of 10 points. Meanwhile, the Sharia index saw a slight increase of one point, the services sector index fell by 18 points, and the industrial sector index dropped by 5 points.

Oman Arab Bank’s Shares rose by 15 baisas to close at 145 baisas.Bank Sohar International’s shares increased by 5 baisas, closing at 139 baisas. Bank Nizwa’s shares went up by 3 baisas to 108 baisas and National Bank of Oman’s shares increased by 2 baisas, closing at 277 baisas.

Sohar International Bank was the most traded company in terms of value, with trades worth RO 1.686 million, representing 12.1 percent of the total trading value. Bank Muscat followed with trades worth RO 1.446 million, and National Bank of Oman came third with trades totaling