Muscat: Muscat Stock Exchange witnessed a decline in stock prices last week with the start of annual general meetings, while investors are awaiting the listing of Asyad Shipping Company following the completion of its subscription.
According to Qatar News Agency, Muscat Stock Exchange experienced additional pressure last week, resulting in a decline in the prices of 38 companies, compared to 20 companies whose prices rose, and 21 companies whose prices remained stable. These declines caused the main index of the Muscat Stock Exchange to drop by 40 points, closing at 4,395 points.
The financial sector index decreased by 82 points, the industrial sector index dropped by about 49 points, the services sector index lost around 15 points, and the Shariah index fell by 4 points.
The market capitalization of the Muscat Stock Exchange declined by the end of last week’s trading to 27.185 billion Omani rials, recording weekly losses of 124.8 million Omani rials.
Muscat Stock Exchange also saw a decrease in the number of executed transactions, which fell to 3,489 transactions, compared to 4,416 transactions executed in the previous week. However, the trading value increased last week to 18.6 million Omani rials, compared to 17.7 million Omani rials in the previous week, marking an increase of 5%.