Muscat Stock Exchange records new gains

Muscat: Last week, the Muscat Stock Exchange (MSX) recorded new gains, with the market value rising above OMR23.9 billion, recording weekly gains of more than OMR40 million.

Also, the main index of the stock exchange managed to break the barrier of 4,800 points throughout Tuesday and Wednesday, but it gave up these gains on Thursday, concluding the trading week at 4,796 points, recording a weekly increase of six points, up for the second week in a row.

Last week, the Muscat Stock Exchange benefited from an atmosphere of optimism, with the public joint stock companies announcing their initial financial results for the first half of this year, and the prices of 27 securities increased compared to 25 securities whose prices fell and 24 securities that settled at their previous levels, and the service sector index was able to record gains of about 17 points. However, the other three sectoral indices closed down at 10 points for the financial sector index, 4 points for the Sharia index, and 3 points for the financial sector index.