Muscat: The main index of the Muscat Stock Exchange broke the 5,600-point barrier last week, closing at 5,610 points, marking its best level since April 2017.

According to Qatar News Agency, the benchmark index rose by approximately 240 points last week, continuing its upward trajectory that began last May. This growth was supported by local funds and investment institutions that boosted liquidity in the market to record levels.

Sectoral indices posted collective gains, with the financial sector index leading the increase. It rose by about 272 points and surpassed the 9,200-point mark. The industrial sector index climbed 156 points, while the services sector index increased by 83 points. The Sharia-compliant index also saw an increase to 471 points, up by around 9 points.

The market capitalization of the Muscat Stock Exchange reached OMR 31.337 billion by the end of last week’s trading. It recorded weekly gains of OMR 494.5 million. Trading value remained elevated, exceeding OMR 271.1 million, with more than 39,000 transactions executed.