Muscat: Trading value on the Muscat Stock Exchange (MSX) last week stood at OMR 139.3 million, compared with OMR 191.4 million in the previous week, down 27%, and executed transactions fell by 24.4%, from 41,000 trades to 31,514 trades.
According to Qatar News Agency, the total market capitalization of MSX rose during the week to OMR 36.7042 billion, recording weekly gains of OMR 47.1 million. This increase was primarily driven by growth in the bonds and sukuk market, whose market value surged to over OMR 5.414 billion. The market saw weekly gains of OMR 122.7 million, bolstered by the listing of the 11th sovereign sukuk issuance worth OMR 120 million.
The main MSX index experienced a decline, dropping by 52 points last week. This fall was attributed to downturns in several leading stocks, resulting in the index closing at 7,582 points. This marks the third consecutive week of decline for the index.
Additionally, the industrial sector index recorded a decrease of 47 points, the services index fell by 34 points, and the Shariah index dropped to 601 points, down by around 10 points.
In terms of securities, last week saw 31 securities with price increases, in contrast to 37 securities whose prices declined, while 26 securities remained unchanged.