In the Muscat Stock Exchange, investors last month paid special attention to bank stocks, investment companies, finance, insurance, and industrial sectors. This attention is due to the improvements observed in recent months in these sectors and the upcoming announcement of preliminary financial results for the third quarter of this year.
Growth of Financial and Industrial Indices
The growth of bank stocks, investment companies, finance, and insurance has positively impacted the financial sector index, which increased by 220 points to above 13,600 points. Additionally, the industrial sector index also rose by about 200 points to 9,812 points, benefiting from the growth of various companies such as Gulf Mushroom Production, Al Anwar Ceramics, Oman Chlorine, and other industrial companies.
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Overall Market Status and Price Changes
In September, the Muscat Stock Exchange saw an increase in the prices of 54 securities, while 41 securities experienced price declines, and 13 securities remained stable at their previous levels. However, these increases could not positively affect the main index, which decreased by 37 points to 7,566 points. Furthermore, the services sector index experienced the most significant decline, reaching 3,009 points.
At the end of last month, the market value of the Muscat Stock Exchange reached 39.23 billion Omani Rials, marking an increase of approximately 590 million Omani Rials. Additionally, the trading value in September decreased by 6.4% to 914 million Omani Rials, while the number of transactions increased to 199,000.
The shares of Sohar Bank attracted considerable attention among investors, with trading volume reaching 224.4 million Omani Rials, accounting for 24.5% of the total trading value. Following that, the shares of OQ's base industries reached 175.8 million Omani Rials, and Oman Telecommunications (Omantel) reached 99.1 million Omani Rials.
Food and Dhofar Investment Company stocks increased by 32.2%, and the shares of Oman Chromite also rose by 32.2% to 4.800 Omani Rials. In contrast, the shares of National Aluminum Products experienced the highest decline at 32.8%, dropping to 100 baisa.
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