Wednesday 25 / June / 2025
Muscat: Last week, the Muscat Stock Exchange (MSX) recorded the lowest value of weekly trading in 12 weeks, declining to OMR9.3 million, compared to OMR10.8 million and OMR16.4 million in the previous two weeks.
Last week's trading was characterised by a state of anticipation and waiting for more disclosures about the trends of major investment funds and institutions regarding pumping more liquidity into the stock exchange, at a time when the financial results for the first half of this year showed volatile performance.
Last week, stock prices recorded clear declines that led the main index of the Stock Exchange and the sectoral indices to decline. The prices of 36 securities declined compared to 17 securities whose prices increased, and 16 securities maintained their previous levels. The declines included many of the leading companies, which prompted the main index of the Stock Exchange to decline by 25 points and closed at 4,780 points, abandoning the 4,800 points barrier that it rose to about two weeks ago. The financial sector index fell 34 points, the industry sector index lost 38 points, the service sector index fell 17 points, and the Sharia index closed at 473 points, down 3 points.
Trading focused on Ominvest perpetual bonds 2023, which witnessed transactions with a value of OMR2.52 million, representing 21.9 per cent of the total trading value and the share of Abraj Energy Services witnessed interest from investors to witness transactions worth OMR1.38 million. Engineering and Contracting attracted interest from investors, and the trading value of the share amounted to OMR941,000, representing 10 per cent of the total trading value.
The market value of the securities listed on the Muscat Stock Exchange last week was affected by the drop in the prices of many stocks, dropping to OMR23.87 billion, recording a weekly loss estimated at OMR33.80 million.
