Total Market Turnover Exceeds RO 577.4 Million by end of August 2018

Muscat, The total turnover of Muscat Securities Market reached RO577.426 million by the end of August 2018, constituting a decrease by 4.7% over

RO606.175 million by the end of August 2017, whereas the general index declined by 12.5%, according to the data released by the National Centre for Statistics and Information (NCSI).

The total value of trading during the month of August decreased to RO25.557 million from RO56.921 million as of July, whilst in June it was RO36.75 million.

The general index of the market was 4.419.3 points at the end of August 2018 compared to 5.052.6 points at the end of the same period in 2017.

The manufacturing sector led the decline by 19.3% to 5.453 points by the end of August 2018 against 6.761 points at the end of the same period last year.

The financial sector recorded a decrease of 7.5% to reach 6.892 points in August 2018 compared to 7.453 points at the end of August 2017. Services sector decreased by 3.8% to reach 2.376 points by the end of August 2018 against 2.470 points by the end of the same month in 2017.

The total number of shares traded by the end of August 2018 surged by 9.5% to reach RO3.03 billion compared to 2.771 billion by the end of August 2017.

By the end of August, Omani investors acquired 88% of the purchase price, compared to 2% of foreign investors, 6% of GCC nationals and 4% of other Arabs.

The purchase of Omani investors increased to RO148.274 million, which is a net gain. The sell-off from GCC investors recorded a negative figure of RO31.490 million and foreign investors registered a net negative figure of RO77.6 million. Similarly, the Arab investors also recorded net transactions of a negative figure of RO39.1million.

The financial sector accounted for 54% of the shares trade, the service sector was at 28% and the industrial sector accounted for 18%.

Source: Oman News Agency