Investors focused on shares of energy companies on the Muscat Stock Exchange (MSX) during the week amid positive expectations of improved financial performance of companies that have faced many challenges over the past two years.
Shares of energy companies were supported by positive expectations of increased demand for electricity with the launch of several modern city projects such as Sultan Haitham City, Al Khuwair Downtown, the Waterfront, and a number of other real estate development projects.
The Ministry of Housing and Urban Planning had signed 35 development and partnership agreements for the Sultan Haitham City project for the first phase (2024-2030) on February 14. The pacts were signed for the future city projects for housing and urban planning with strategic partners, with an investment value exceeding OMR1 billion.—Times of Oman
