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Sharp growth in MSX trading volumes in July

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Muscat Stock Exchange (MSX) experienced significant growth during the month of July, with a trading volume of RO 67 million, marking a rise of over 26 per cent over the previous month. Trading volumes doubled compared to the previous month, reaching 245.6 million securities. The MSX 30 Index concluded its 30-month trading on a positive note, closing at 4776.098 points.

Ominvest 2023 Perpetual bonds were the most traded securities by value, totaling OMR 8.8 million, representing 13.5% of the total trading value. Bank Muscat followed with RO 7.2 million, and Abraj Energy Services, listed on the exchange last March, saw trades worth RO 5.9 million. Oman Telecommunications secured the fourth spot in terms of trade.

Bank Muscat, Al Anwar Investment, and Abraj Energy Services were the top three most traded securities based on the number of trades. Majan Glass, Al Madina Investment Holding, and Oman Investment and Finance had the lowest percentage change in share price. On the other hand, Oman Chromite, Voltamp Energy, and National Finance had the highest share price change.

During July, 91 securities were traded, with 32 recording an upward trend, 44 experiencing price declines, and 15 maintaining their previous levels. The total number of transactions executed during the month reached 10,914, showing a 31.4% increase compared to June.

In June, the Muscat Stock Exchange, in collaboration with the National Financial Sustainability Program, introduced six initiatives to boost investment, including enhancements to the market industry, securities lending and borrowing, the promising corporate market, pooled trading accounts, triangular governance, and the liquidity fund.

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