Muscat - Saba:
Stock prices on the Muscat Stock Exchange resumed their upward trend last week, as local investment institutions moved towards buying, accounting for 69.5 percent of the total trading value, compared to 56.6 percent of sales.
Trading data issued by the Muscat Stock Exchange indicated that investors were focusing on blue-chip stocks, with stock prices improving and investors preparing for the second quarter of this year's trading after the Eid al-Fitr holiday.
Stocks resumed their upward trend last week, with 34 securities rising, compared to 28 securities that rose the previous week. The Muscat Stock Exchange also saw a decline in losing stocks last week, to 26 securities, compared to 36 securities that declined the previous week.
The Muscat Stock Exchange witnessed a 28.7 percent increase in the number of executed transactions last week, which jumped to approximately 5,800, compared to approximately 4,500 transactions executed the previous week.
At the level of stock market indices, the main index recorded losses of 43 points, closing at 4,367 points. The financial sector index declined by 29 points, the industrial sector index declined by 120 points, the services sector index lost 7 points, and the Shariah index declined by 8 points, closing at 384 points.
The Muscat Stock Exchange recorded losses last week in its market capitalization estimated at OMR 15.1 million, declining by the end of Thursday's trading to OMR 27 billion and 638.9 million.
Trading value last week amounted to OMR 24.8 million, a 55 percent decline from its level of OMR 55.3 million a week earlier.
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