Muscat: The Muscat Stock Exchange's market cap increased its gains last week to 30.7 billion Omani rials, recording weekly gains of 173.2 million Omani rials. The bourse benefited from rising stock prices and new listings, while Gulf and foreign investment institutions increased their purchases, accounting for 8.1 percent of the total trading value, compared to sales of approximately 3.1 percent.

According to Yemen News Agency, Last week, the Muscat Stock Exchange listed Oman Energy Development Company's sukuk in the bonds and sukuk market, totaling OMR 50 million. The sukuk were divided into 50 million sukuks with a nominal value of OMR 1 per sukuk and an annual profit rate of 4.4 percent. This listing increased the market capitalization of the bonds and sukuk market to OMR 5.31 billion.

The market capitalization of public joint-stock companies reached OMR 14.681 billion at the end of last week's trading, recording weekly gains of OMR 122.8 million. The market capitalization of the closed market remained stable at its previous level of OMR 10.992.8 billion. The Muscat Stock Exchange witnessed a rise in many of its indices last week, as public joint-stock companies began announcing their preliminary financial results for the third quarter of this year, which showed an increase in net profits for many companies.