Muscat Stock Exchange Inches Up Despite Lower Trading Volumes

Muscat: The Muscat Stock Exchange (MSX) recorded a modest gain in its index on Wednesday, closing higher than the previous session’s level of 4,553.15 points. However, the day’s trading value experienced a decline of 4.4%, settling at RO 9,090,338 compared to RO 9,511,723 in the previous session.

Despite the dip in turnover, the total market capitalization edged up by 0.302%, reaching approximately RO 27.93 billion.

Foreign investor activity reflected a cautious approach. Non-Omani purchases totaled RO 436,000, representing 4.79% of total trading, while non-Omani sales amounted to RO 927,000, or 10.19% of the total. This led to a net foreign outflow of RO 491,000, marking a 5.40% decrease in net foreign investment.

The MSX continues to navigate mixed investor sentiment, with foreign investors showing reduced participation even as the local index posts incremental gains.