Muscat Stock Exchange hits 9-year high, market cap tops OMR32bn

Business Saturday 13/December/2025 15:55 PM
By: ONA
Muscat Stock Exchange hits 9-year high, market cap tops OMR32bn

Muscat: The main index of the Muscat Stock Exchange (MSX) recorded its best level in more than 9 years during the week, when its trading on December 9 rose to 5,961 points, recording its best level since mid-May 2016, benefiting from high levels of demand for many stocks before the end of trading in 2025.

The week saw the rise in prices of 64 securities, which created an optimistic atmosphere in the Muscat Stock Exchange and pushed the main index and sector indices to close higher. The financial sector index recorded the highest gains, rising 337 points, the industrial sector index rose 223 points, the services sector index recorded an increase of 50 points, and the Sharia index rose by about 12 points. The main index climbed to 5,949 points at the end of Thursday's trading, recording a weekly increase of 88 points.

The market capitalisation of securities listed on the Muscat Stock Exchange rose to OMR32.10 billion by the end of the week’s trading, recording weekly gains of OMR213.6 million.

However, the trading value declined by 7.5 percent in the week, but remained close to the OMR200 million mark, with increased demand for many leading stocks in the banking, industrial, and OQ Group sectors. Trading value reached OMR199.4 million, compared to OMR215.7 million during the week before, and the number of transactions executed decreased from 25,620 to 25,108.

Bank Muscat accounted for 19.3 percent of the total trading value after witnessing trades worth OMR38.6 million. Bank Sohar International came in second with trading worth OMR30.1 million, OQ Basic Industries came in third with trades worth OMR26.9 million, OQ Exploration and Production came in fourth with trades worth OMR26.4 million, while Asyad Shipping came in fifth with trades valued at OMR21.5 million, representing 10.8 percent of the total trading value.

The building materials industry stock led the gainers, rising by 21.2 percent and closing at 80 baisa. Oman Arab Bank stock rose by 17.3 percent and closed at 176 baisa. National Gas stock climbed to 95 baisa, rising by 11.7 percent. Voltamp Energy stock rose to 1.40 rials, recording an increase of 11.2 percent. Ahli Bank stock rose by 11.1 percent and closed at 170 baisa.

The week also saw a decline in the prices of 10 securities, most notably the Lifa mandatory convertible bonds issued in 2024, which closed at 72 baisa, down 20 percent. Dhofar Food and Investment shares fell by 5.4 percent and closed at 70 baisa, Lifa Group shares dropped to 285 baisa, a decline of 5 percent, Galfar Engineering and Contracting shares fell by 2.9 percent and closed at 65 baisa, and Bank Dhofar shares fell to 149 baisa, a decline of 1.9 percent.

Company news
Al Anwar Investments' Extraordinary General Assembly approved increasing the company's authorised capital from OMR30 million to OMR50 million. The company's current paid-up capital is OMR27.2 million. In February, the company issued preferential rights shares worth OMR5.76 million at a price of 66 baisa per share. The shares were listed on the Muscat Stock Exchange on March 13th. In June, the company distributed bonus shares to shareholders at a rate of 4 percent, following a distribution of 3 percent in 2024. In the first half of its current fiscal year, which ends next March, the company recorded net profits of OMR130,000, compared to OMR588,000in the same period of its previous fiscal year. The company's share closed at 101 baisa at the end of trading during the week.