Muscat Stock Exchange Closes Up 0.29%: Implications for Investors and Business Growth in Oman
Muscat, July 7 — The Muscat Securities Market Index closed today at 4,578.22 points, rising by 13.2 points, or 0.29%, compared to the last trading session, which recorded 4,565 points.
The trading value reached 15,260,127 Omani Riyals, marking an increase of 54.4% from the previous trading session, where it totaled 9,885,581 Omani Riyals.
A report from the Muscat Securities Market indicated that the market capitalization rose by 0.082% since the last trading day, reaching approximately 28.38 billion Omani Riyals.
The purchase value by non-Omani investors in the market was 864,000 Omani Riyals, making up 5.66% of total trading, while the sale value by non-Omanis was 903,000 Omani Riyals, or 5.91%. Consequently, the net investment by non-Omanis decreased by 38,000 Omani Riyals, a decline of 0.25%.
Special Analysis by Omanet | Navigate Oman’s Market
The recent uptick in the Muscat Securities Market reflects growing investor confidence, which businesses in Oman should actively leverage. However, the slight decrease in net foreign investment signals potential risks, highlighting the need for local companies to engage more aggressively with foreign investors. Smart investors and entrepreneurs should consider strategies to attract foreign capital, capitalizing on positive market sentiments while addressing the need for sustainable growth.
Source: Oman News
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