Saturday 11 / October / 2025
Muscat: Muscat Stock Exchange (MSE) market capitalisation recorded weekly gains of OMR173.2 million to close Thursday trading session at OMR 30.7 billion, benefiting from rising share prices and new listings.
Gulf and foreign investment institutions during the week increased their purchases on the bourse, accounting for 8.1 percent of the total trading value, compared to sales of about 3.1 percent.
During the week, the Muscat Stock Exchange listed Oman Energy Development Company's sukuk in the bonds and sukuk market, with a value of OMR50 million, divided into 50 million sukuks with a nominal value of one Omani riyal per sukuk and an annual profit rate of 4.4 percent. This listing led to an increase in the market value of the bonds and sukuk market to OMR5.31 billion. The market value of public joint-stock companies reached OMR14.68 billion at the end of the week's trading, recording weekly gains of OMR122.8 million. The market value of the closed market remained unchanged at its previous level of OMR10.99 billion.
The Muscat Stock Exchange also witnessed a rise in several of its indices during the week, as public joint-stock companies began announcing their preliminary financial results for the third quarter of this year. These results showed an increase in net profits for several companies, most notably Sohar Power Company, which achieved net profits of approximately OMR18.1 million during the first nine months of this year, compared to losses exceeding OMR4.6 million in the same period last year.
Salalah Port Services Company said its net profits rose to OMR4.7 million in the first nine months of the year, compared to OMR2.1 million in the same period last year. Al Sharqiya Investment Holding Company also announced an increase in its net profits from OMR362,000 to OMR605,000, while Dhofar Generating Company recorded a decline in its net profits from OMR1.7 million to OMR1.5 million. International Hotel Management Company recorded a decline in losses from OMR282,000 to OMR166,000.
The Muscat Stock Exchange's main index rose to 5,249 points at the end of the week, gaining 71 points over the previous week. The financial sector index recorded the highest gains, rising 146 points, while the industrial sector index rose by about 75 points, and the services sector index rose by 15 points. The Sharia index registered a limited increase of less than one point, closing the week at 465 points.
These gains were supported by several leading companies, including Al Jazeera Steel Products, Bank Muscat, Bank Sohar, Bank Dhofar, OQ Gas Networks, Voltamp Energy, International Financial Investments, Ominvest, Asyad Shipping, OQ Basic Industries, and many others.
The total number of securities that gained during the week reached 39 securities, compared to 26 securities that declined and 24 securities that remained unchanged. Asyad Shipping Company’s share recorded the highest gains, rising by 13.1 percent to close at 146 baisas. Galfar Engineering and Contracting’s share rose to 65 baisas, rising by 8.3 percent, and Al Madina Investment Holding’s share recorded a rise of 7.5 percent to close at 43 baisas.
Dhofar Food and Investment Company's stock was the biggest loser, falling 12.5 percent to close at 70 baisas. The Financial Centre's stock fell 9.5 percent to 38 baisas, while Muscat Insurance's stock fell 9.3 percent to close at 798 baisas.
The Muscat Stock Exchange witnessed a 5.6 percent increase in total trading value during the week, reaching OMR190.8 million, compared to OMR180.7 million during the previous week. Meanwhile, the number of transactions executed declined from 20,575 to 19,529.
OQ Basic Industries topped the most traded companies with a value of OMR34.7 million, accounting for 18.2 percent of the total trading value. Bank Sohar International came in second with OMR32.5 million, and Bank Muscat came in third with a trading value of OMR 30.9 million.
