Gulf investors achieved 13.5% of the total trading value on the Muscat Stock Exchange (MSX) last week with their increased purchases, while their sales constituted 8.4% of the trades. These investors capitalized on the decline in prominent stock prices over the past two weeks, as geopolitical tensions in the region and falling stock prices continued to meet the expectations of investment institutions.
Market Analysis and Changes
Trading data released from the Muscat Stock Exchange indicates that individual investors' sales reached 22.3% of the total trading value, while their purchases were 19%. Local investment institutions also leaned towards selling, with their sales making up about 65% of the total trading value, while their purchases were 63.5%.
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The trading value this week reached 202.9 million Omani Rials, compared to 196.9 million Omani Rials last week, with investors focusing on the stocks of the OQ group, banks, and Oman Tel. The market value of the Muscat Stock Exchange decreased by about 49 million Omani Rials, ending this week's trading at 39.39 billion Omani Rials.
Stock Price Fluctuations and Company Results
This week, the prices of 49 securities decreased, while the prices of 29 securities increased, and 23 securities remained stable at their previous levels. These changes put significant pressure on the main index of the stock exchange, which, for the first time after 7 consecutive weeks of increase, fell by 44 points to reach 7603 points.
Among the stocks, the basic industries OQ stock accounted for 25.4% of the total trading value with transactions worth 51.5 million Omani Rials. Additionally, the International Sahara Bank stock attracted 23.2% of the total trading value with transactions exceeding 47 million Omani Rials. The stocks of Bank Muscat, OQ Gas Networks, and Oman Tel were also highlighted this week with transactions of 21.2, 18, and 17.8 million Omani Rials, respectively.
Regarding price increases, the stock of Sharqiya Desalination Company rose by 9.3% to reach 175 baisa. The stocks of Gulf Mushroom Production and Muscat City Desalination Company also increased by 9% each, reaching 480 and 96 baisa, respectively.
In company news, the Omani Educational Investments Company announced its preliminary financial results for the fiscal year ending August 31, reporting a net profit of 12.5 million Omani Rials. Additionally, Majan College announced that the net profit of the parent company reached 1.068 million Omani Rials for the fiscal year ending in August.
