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LoginTrading Value on Muscat Stock Exchange Rose by 9.3% Last Week
Muscat, June 13 (QNA) - Trading value on the Muscat Stock Exchange (MSX) rose last week by 9.3%, increasing to OMR 191.4 million compared to around OMR 175 million in the previous week.
The number of executed transactions on MSX also rose by 65%, increasing from 25,000 transactions to around 41,700 transactions.
The financial sector index on MSX strengthened its gains, rising for the third consecutive week, benefiting from the increases recorded in banking and investment company stocks.
The financial sector index rose last week by around 98 points after rising by 300 points over the previous two weeks, and ended Thursday’s trading at 13,034 points.
Meanwhile, the main index of the exchange ended weekly trading at 7,634 points, recording a weekly decline of 23 points.
The industrial sector index fell by 83 points, while the services sector index declined by 37 points. The Shariah index also recorded a decline of one point and closed at 611 points.
In addition, MSX recorded market value losses estimated at OMR 86 million during the past week, ending the week at OMR 36.657 billion, affected by declines recorded in many stocks, with 55 securities falling in price compared to 21 securities that rose in price, and 14 securities remaining unchanged. (QNA)
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