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Day: September 5, 2024

MSX Drops 20 Points

Muscat Stock Exchange (MSX) general index (30) today lost (20.2) points, comprising a drop by (0.42%) to close at (4760.85) points, compared to the last session, which stood at (4781.07) points.

The trading value today stood at (RO 5,083,211), compri…

Gold Prices Rise Again

Gold prices rose today after recent data boosted bets on a major US interest rate cut this month.

Spot gold rose 0.5 percent to USD 2,506 an ounce, while US gold futures rose 0.4 percent to USD 2,536.10.

Among other precious metals, spot silver rose…

Dollar Falls on Bolstered Expectations of Supersized US Rate Cut

The dollar continued to decline today as renewed concerns over the US economy’s growth outlook bolstered expectations of a supersized rate cut from the Federal Reserve this month (September 2024).

The dollar index, which measures the performance of t…

European Stocks Fall for Fourth Straight Session

European stocks fell for the fourth straight session at the start of trading today, with investors awaiting economic data from the euro zone, as well as jobs data in the United States, for indications on the path of US interest rate cuts.

The pan-Eur…

Ambassador of Oman Presents Credentials to King of Denmark

King Frederik X of the Kingdom of Denmark today received at the capital city Copenhagen, Maitha Saif Al Mahrouqi, Ambassador of the Sultanate of Oman to the Federal Republic of Germany who presented her credentials as Oman’s non-resident ambassador to…

Oil Stable as Traders Weigh Weak Demand

Oil was trying to hold its line in early trade today after an overnight selloff, as traders come to grips with weak need along with a possible delay to more supply going into the market next month.

Brent unrefined futures for November increased 9 cen…