Listed industrial companies on the Muscat Stock Exchange (MSX) showcased positive performance over the past week. Stocks of companies such as Oman Cement, Al Maha Ceramics, Salalah Mills, Gulf Mushroom Products, Oman Chlorine, and other industrial firms increased. This rise in stock prices particularly caught the attention of investors ahead of the announcement of preliminary financial results for the third quarter of this year.
Increase in the Industrial Sector Index
The industrial sector index reached 9,900 points, reflecting an increase of 16 points compared to the previous week, resuming its upward trajectory after a decline last week. Meanwhile, other indices continued to decrease due to reduced investor sentiment and geopolitical tensions in the region. The main index of the Muscat Stock Exchange fell by 49 points to 7,554 points, marking a decline for the second consecutive week. Additionally, the financial sector index decreased by about 40 points, and the services sector index fell by 20 points.
Analysis of Trading Data
Trading data published by the Muscat Stock Exchange indicates that sales by individual investors accounted for about 20% of the total trading value last week, while purchases were 17.2%. These declines contributed to a decrease in market capitalization, which reached 39.41 billion Omani rials, recording a weekly increase of 15.8 million Omani rials.
The trading value during the week reached 172.9 million Omani rials, showing a 14.7% decrease compared to the previous week’s 202.9 million Omani rials. The number of transactions also reached approximately 49,000 trades, reflecting an 18.6% increase compared to the 41,000 trades of the previous week. This increase was driven by growth in trading on the shares of OQ Gas Networks and OQ Base Industries.
Bank Sohar topped the list of most traded companies with 39.6 million Omani rials, accounting for 22.9% of the total trading value. Following this, OQ Exploration and Production with 27.3 million Omani rials and Bank Muscat with 24.6 million Omani rials ranked next.
During the week, the prices of 31 securities increased, while the prices of 34 securities decreased, and 30 securities remained at their previous levels. Shares of Oman Beverages rose by 18.8% and shares of Arab Bank Oman increased by 13.9%, reaching 1.200 Omani rials and 319 Omani rials, respectively.
Read more: Investment growth in the Duqm Special Economic Zone reached 8.8 billion Omani rials · The Sultanate of Oman participated in the preliminary meeting of the Investment Deputy Committee of the Gulf Cooperation Council
