Muscat - Saba:
The Industrial Sector Index strengthened its gains last week, rising for the second week in a row, approaching the level of 5,410 points, while the main index of the Muscat Stock Exchange and other sectoral indices recorded a decline.
According to the Oman News Agency today, Saturday, these gains came with the support of Voltamp Energy, Gulf International Chemicals, Building Materials Industry, Oman Mills, Al Jazeera Steel Products and Oman Cement, which recorded significant increases despite the wave of decline that the Muscat Stock Exchange was exposed to last week with the decline in prices of 38 securities compared to 18 securities whose prices rose and 22 securities remained stable at their previous levels.
The industrial sector index recorded an increase last week of about one point after rising 55 points in the previous week, and the main index of the stock exchange recorded a decline of 60 points and closed at 4543 points, and the financial sector index declined by 79 points, and the services sector index lost 16 points, and the Sharia index recorded a decline of 5 points.
However, these recommendations did not reflect positively on the Muscat Stock Exchange, as the market value of the stock exchange recorded losses of 266 million Omani riyals, declining at the end of weekly trading to 27 billion and 538 million Omani riyals.
Last week's trading was limited to four days due to the Isra and Mi'raj holiday, which fell on Thursday. The stock exchange last week witnessed trading worth 10.5 million Omani riyals, compared to about 17 million Omani riyals the week before, and the number of executed deals decreased from 4,898 deals to 4,447 deals.
| more of (Economy) |