Muscat: The Muscat Stock Exchange recorded market gains of 806.1 million Omani riyals in May, supported by rising share prices and improved investor confidence. The market capitalization closed at 27.93 billion Omani riyals.

According to Qatar News Agency, the exchange's main index ended the month up by 244 points, closing at 4,561 points. This marked its first monthly gain of the year after losing more than 260 points over the previous four months.

All sector indices posted gains, with the Sharia-compliant index leading with a rise of 10.4%. The Industrial Index followed with a 604-point increase, while the Financial and Services sectors rose by 300 and 87 points, respectively.

Trading value also increased by 43.4% to reach 149.4 million Omani riyals, marking the second-highest monthly level of the year. The number of executed transactions hit a record 32,736 deals.

Share prices rose for 63 companies, declined for 27, and remained unchanged for 9.