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Muscat Stock Exchange rose 0.36% for the second session in a row, driven by the rise of 8 shares



The Muscat Securities Market rose at the end of the trading session on Wednesday, for the second consecutive session, as the MSM index (30) rose by 0.360%, winning 12.897 points to close at 3587.485 points, and the trading volume reached 9.2 million shares worth 1.1 million riyals through the implementation of 303 Deal for 28 shares.

 

Eight shares rose, on top of which "Al Madina Takaful" rose 8.60%, then "Sohar International Bank" by 2.63%, then "Galfar Engineering and Contracting" by 2.17%, while 5 stocks fell, on top of which is "Al Ahlia Insurance" by 5.42% Then, "Eastern Water Desalination" share by 1.99%, then "Al Swadi Energy" by 1.96%, while "Al Madina Takaful" shares the most active list by value, amounting to 747.8 thousand Omani riyals.

 

In a related context, the Renaissance Services Company announced the company's audited financial statements for the fiscal year ending on December 31, 2020, and the company achieved revenues of 105.5 million Omani riyals in 2020 compared to 106.7 million Omani riyals in 2019, and the net profits reached 9.6 million Omani riyals in 2020 compared with 19.9 million Omani riyals in 2019, and the board recommended a cash dividend of 20 baisas per share to shareholders.

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