Muscat: The financial sector index rose 21 points, the services sector gained 14 points, and the Shariah index edged up by one point to 403. The industrial sector was the only laggard, dropping 16 points and snapping a multi-week winning streak.
Trading activity also picked up, with total trading value rising to RO 28.5 million from RO 27.5 million the week prior, despite a slight dip in the number of executed transactions from 6,686 to 6,603.
Investor focus was strong on major stocks, with OQ Basic Industries leading the trading charts at RO 6.2 million, followed by Bank Muscat (RO 4.2 million) and OQ Exploration and Production (RO 4.18 million). Bank Sohar International and OQ Gas Networks rounded out the top five traded securities.
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A key highlight was the listing of the 74th issue of Government Development Bonds worth RO 100 million. The bonds, priced at RO 100 each with a 4.6% annual interest rate, pushed the total market value of securities listed on the exchange to RO 27.33 billion — an increase of nearly RO 190 million in a week.
Market performance was mixed in terms of stock prices: 29 securities posted gains, 33 declined, and 26 remained unchanged. Additionally, four companies were promoted from the parallel to the regular market after meeting listing criteria, while six were downgraded for failing to meet essential trading and financial benchmarks.
