Muscat Stock Exchange Index Falls by 3.27% in June

The Muscat Stock Exchange General Index “Muscat 30” ended its June trading session with a decline of 3.27%, closing at 4,687.26 points, losing 158.47 points compared to its level at the end of May.

The total market value of listed companies on the Muscat Stock Exchange also fell by 0.81% during the month to OMR 24.281 billion, down from OMR 24.479 billion at the end of May, resulting in a market loss of OMR 164.75 million.

The index was negatively impacted by the financial sector index, which declined by 4.12% during the month. In contrast, the industrial and services sector indices rose, with the industrial sector increasing by 2.56% and the services sector by 1.03%.

Among the decliners, Al Madina Investment Holding saw the largest drop at 15.15%, followed by Oman Refreshment at 14.29%, and Renaissance Services at 10.5%.

On the other hand, National Gas topped the gainers list with an increase of 40.51%, followed by Construction Materials Industries with a rise of 23.81%, and Shell Oman Marketing with a 14% increase.

The total trading volume for June decreased by 63.19% to 208.37 million shares, compared to 565.99 million shares in May. The trading value also dropped by 55.12%, reaching OMR 42.05 million, compared to OMR 93.691 million in May.

Bank Muscat led the market in terms of both volume and value during June, with 36.77 million shares traded, valued at OMR 9.25 million.

The Muscat Stock Exchange General Index concluded its 2023 trading year with a 7.07% decline, closing at 4,514.07 points, losing 343 points compared to its closing level at the end of 2022.

Source: Muscat Stock Exchange Index Falls by 3.27% in June (mubasher.info)