MSX declines by 49 points

Business Saturday 23/September/2023 16:59 PM
MSX declines by 49 points

Muscat: Trading data issued by the Muscat Stock Exchange indicated the main index fell by 49 points and closed at 4,676 points, and the financial sector index recorded the highest declines at 126 points, the industrial sector index declined 90 points, the services sector index 44 points, and the Sharia index fell by 5 points.

The demand of individual investors led to an increase in the number of deals executed last week to 2,329 deals, compared to 1,655 deals in the previous week, recording an increase of 40 percent, and the trading value rose from about OMR11.7 million to more than omr16.4 million.

Al Nahda Services stock came at the forefront of the most traded stocks in terms of trading value with OMR5.3 million, representing 32.2 percent of the total trading value, Omantel came next with OMR3.5 million and Bank Muscat saw trades worth OMR2.58 million. Ooredoo trades amounted to OMR1.33 million and Bank Nizwa ranked next with trades worth OMR866,000.

The shares of Building Materials Industry, Oman Qatari Insurance, Taajeer Finance, Oman Cables Industry, and Oman United Insurance were at the forefront of the most rising stocks, while the shares of Al Madina Investment Holding, Al Suwadi Energy, Al Batinah Energy, Raysut Cement, and Voltamp Energy were at the forefront of losing stocks.