MUSCAT: The Muscat Stock Exchange (MSX) sustained gains last week, breaching the 4600-point level before closing at 4,597 points, a weekly increase of 24 points. Banking, energy, and industrial sector stocks drove the rise, alongside optimism about corporate financial results.
The financial sector index led with a 74-point gain, followed by the industrial sector (+18 points) and services (+12 points). Among 78 traded securities, 35 advanced while 28 declined. Shares of Oman Cement, Bank Muscat, and energy companies like Al Suwadi Energy and Al Anqa Energy supported the market.
Market value increased by over RO 373 million to reach RO 27.963 billion. Trading value totaled RO 23.4 million, with local investors dominating purchases at 70.1%. Top gainers included Oman Fisheries (+11.7%) and Al Suwadi Energy (+8.9%), while Oman United Insurance led losses (-11.2%).
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