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LoginTrading Value on Muscat Stock Exchange Tumbled 27% Week-on-Week
Muscat, June 20 (QNA) - Trading value on the Muscat Stock Exchange (MSX) last week stood at OMR 139.3 million, compared with OMR 191.4 million in the previous week, down 27%, and executed transactions fell by 24.4%, from 41,000 trades to 31,514 trades.
The total market capitalization of MSX rose during the week to OMR 36.7042 billion, recording weekly gains of OMR 47.1 million, benefiting from the increase seen in the bonds and sukuk market, whose market value rose to over OMR 5.414 billion, recording weekly gains of OMR 122.7 million, supported by the listing of the 11th sovereign sukuk issuance worth OMR 120 million.
The main MSX index also fell by 52 points last week, affected by declines in several leading stocks, and closed at 7,582 points, down for the third consecutive week.
The industrial sector index recorded a decline of 47 points, the services index fell by 34 points, and the Shariah index dropped to 601 points, down by around 10 points.
Last week, 31 securities saw price increases, compared with 37 securities whose prices declined, while 26 securities remained unchanged. (QNA)
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