Muscat: The trading value of the Muscat Stock Exchange rose to OMR 234.5 million in February, up from OMR 75.3 million in the previous month, benefiting from special deals on Ahli Bank shares, which saw trading worth OMR 162.7 million, accounting for 69.3% of the total trading value.
According to Qatar News Agency, last month, Muscat Stock Exchange saw mixed performance as investors focused on a limited number of stocks while 20% of Asyad Shipping’s capital was offered for public subscription as part of the company’s plan to transform into a public joint-stock company.
Muscat Stock Exchange experienced declines in several of its indices last month. The market value fell to OMR 27.310 billion, registering monthly losses of OMR 228.7 million. The number of executed transactions decreased from around 22,000 to 17,347, a decline of approximately 21%.
Muscat Stock Exchange also saw more losing stocks than gaining ones last month, with 43 companies’ prices falling compared to 37 companies’ prices rising and 18 companies’ prices remaining unchanged.
Except for the industrial sector index, which rose by 422 points, other indices recorded declines. The main Muscat Stock Exchange index dropped by 107 points to close at 4435 points, the financial sector index fell by 84 points, the services sector index decreased by 59 points, and the Sharia index lost about 8 points.