Muscat Stock Market Rises 0.33%: Implications for Investors and Business Growth in Oman
Muscat, July 6 – The Muscat Stock Index “30” closed today at 4,565 points, rising by 15 points or 0.33% compared to the last trading session, which was at 4,549.98 points.
The trading value reached RO 9,885,581, down by 23.2% from the previous session’s RO 12,869,516.
A report from the Muscat Stock Exchange highlighted that the market value decreased by 0.081% from the last trading day, totaling approximately RO 28.36 billion.
The purchase value by non-Omani investors was RO 103,000, representing 1.04%, while the selling value reached RO 911,000, or 9.22%. Consequently, the net investment by non-Omanis decreased by RO 808,000, a reduction of 8.18%.
Special Analysis by Omanet | Navigate Oman’s Market
The recent increase in the Muscat Securities Market Index, rising 0.33%, suggests a moderate bullish sentiment among local investors. However, the significant decline in trading value by 23.2% signals a potential liquidity risk that businesses must address. For investors and entrepreneurs, now may be an opportune moment to focus on enhancing operational efficiency and exploring undervalued sectors despite the declining foreign investment.
Source: Oman News
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