Monday 07 / July / 2025
Muscat: The benchmark Muscat Stock Exchange (MSX) index rose in February with the support of the shares of leading companies that attracted investors and increased by 50 points to close the trading session in February at 4,753 points, thus reducing the losses it suffered in January when it had declined by 154 points.
The sectoral indices recorded a collective rise, led by the financial sector index, which recorded the highest rise of 121 points, the industrial sector index rose by 87 points, and the service sector index rose by 32 points. However, the Sharia index recorded a slight decline.
The trading value decreased in February by 13.3 percent amid investors' interest in subscribing to Abraaj Energy Services Company, which offered, during the period from February 20 to March 2, about 377.4 million shares for public subscription through two categories of investors.
The trading value fell in February to OMR45.3 million, compared to about OMR52.4 million in January 2023 and MR84.5 million in December 2022.
The number of executed deals declined by 35 percent, from 9,342 deals in January to 6,045 deals in February.
Trading focused on the shares of Omantel and Bank Muscat, which accounted for 44 percent of the total trading value. Omantel shares witnessed transactions worth OMR10.4 million, representing 23 percent of the total trading value. Bank Muscat’s shares witnessed transactions worth OMR9.6 million, representing 21 percent of the total trading value. The Oman Cables Industry Company was among the most heavily traded companies in terms of turnover at about OMR4.9 million, representing 10 percent of the total trading value. Galfar Engineering and Contracting witnessed transactions worth OMR3.2 million, and Ooredoo ranked next after its turnover reached OMR2.13 million, representing 4.4 percent of the total trading value.
In February, the prices of 37 securities rose, most notably among them were Al Maha Oil Products Marketing, Al Jazeera Steel Products, Omantel, Bank Muscat, Omvest, Oman United Insurance, Oman Investment and Finance, Omani Mills, Gulf Mills for Mushroom Production, SMN Power Holding, and Voltamp Energy. And other companies whose rises spread an atmosphere of optimism in the stock exchange.
The number of securities whose prices declined last month amounted to 27 securities, most notable among them included Sohar Power, Al Batinah Power, Omani Qatari Insurance, Al Suwadi Power, and Oman Arab Bank.
And during February, the listing of the Vision Insurance Company was cancelled after its merger with the Omani Qatari Insurance Company was completed, and Al-Safa Food Company announced that the company’s board of directors had decided to merge the Al-Safa Logistics Company - a subsidiary of Al-Safa Food Company - into the parent company, noting that this decision It will be presented to the company's shareholders in the Extraordinary General Assembly meeting for approval. The decision is also subject to the approval of the partners and relevant stakeholders.
