Muscat Stock Market Closes Up 0.13%: Implications for Investors and Businesses in Oman
Muscat, July 10 — The Muscat Securities Market Index “30” closed today at 4602.54 points, an increase of 5.9 points or 0.13% compared to the last trading session, which ended at 4596.69 points.
The trading value reached 22,522,997 Omani Rials, reflecting a decrease of 46.1% from the previous session’s 41,788,740 Omani Rials.
A report from the Muscat Securities Market indicated that the market capitalization rose by 0.157% since the last trading day, now approaching 28.44 billion Omani Rials.
The purchase value of non-Omani investors in the market was 1,770,000 Omani Rials, accounting for 7.86% of total transactions, while the sale value was 1,853,000 Omani Rials, representing 8.23%. Consequently, the net investment by non-Omanis declined by 83,000 Omani Rials, or 0.37%.
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The slight increase in the Muscat Securities Market index, despite a significant drop in trading volume, signals cautious optimism among investors. However, the higher selling activity by non-Omanis indicates potential risks for local businesses facing foreign competitive pressures. Smart investors should monitor market trends closely and consider strategic opportunities in sectors less impacted by foreign divestment.
Source: Oman News
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