Oman: The Muscat Stock Exchange (MSX) recorded last week the best trading value in eight weeks, benefiting from investors’ interest in the shares of a number of leading companies and the increase in trading in the bond and sukuk market.
Last week’s trading jumped to OMR 19.3 million, recording the best level of weekly trading since the week ending July 6, which witnessed transactions worth OMR 21.6 million.
Trading volumes on the MSX returned to an increase during the past two weeks, with investors focusing on the shares of a number of leading companies in various sectors, to increase trading from OMR 9.8 million in the week ending on August 10 to OMR 11.8 million in the following week, and continued its rise last week to OMR 19.3 million, an increase of about 64 percent.
Last week also witnessed an increase in the number of deals executed which jumped above the 3,000 level for the first time since last July 13. The number of executed deals last week reached 3,096 compared to 2,289, 1,598, and 1881 deals in the previous three weeks.
In last week’s trading, investors focused on the shares of Bank Muscat, Ooredoo, Omantel, Bank Sohar International, Bank Nizwa, Abraaj Energy Services, and Ominvest. In the bond and sukuk market, Omvest Perpetual Bonds 2023 attracted investors to witness transactions worth OMR 4.8 million, representing 25 percent of the total trading value.