The Muscat Securities Market (MSM) benchmark index MSM30 ended last week’s trades at its highest levels since late October 2008, recording weekly gains of 0.51% and closing at the level of 7358.85 pts. According to the weekly report by Oman Arab Bank, the MSM was supported mainly by Al Nahda Services, Ahli Bank and Al Anwar Ceramic Tiles, added to relative support from Oman Telecommunications Company (Omantel).

Following these gains, the index’s revenue, since the start of 2014, has accordingly reached 7.67%, the report revealed, adding that according to the MSM database, the average daily trade value during 2014 has surged by 9.1% compared to the same period last year.