Muscat: Notable performers included Al-Anwar Ceramic Tiles, Al-Jazeera Steel Products, Oman Cement, Al-Saffa Foods, and Al-Maha Ceramics, which all saw significant gains.
In contrast, the broader market faced challenges. The main index fell by 92 points, closing at 4,679 points, while the financial sector recorded the steepest decline, losing 161 points, or 2%. The services sector and Sharia indices also dipped slightly.
Investor activity heavily impacted the performance of key stocks. Bank Muscat’s shares dropped to 250 baisas, ending the week at 251 baisas, while the National Bank of Oman saw a 6.8% decrease, closing at 257 baisas. Omantel’s stock fell by 39 baisas to one riyal and 16 baisas.
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Despite the overall downturn, the trading volume showed resilience, with the number of executed deals rising from 3,118 to 4,260. However, the trading value dipped slightly from RO 14.3 million to RO 14.2 million. Bank Muscat led in trading value with RO 4.5 million, accounting for 31.8% of the total, followed by Galfar Engineering and Contracting, Omantel, Sohar International Bank, and OQ Gas Networks.
The week ended with a mixed performance among securities: 26 saw price increases, 27 declined, and 27 remained stable. National Gas stock recorded the highest rise at 45.5%, closing at 115 baisas. Conversely, Oman Free Finance bonds experienced the largest drop, falling by 13% to 60 baisas.
