Sunday 04 / January / 2026
Muscat: The Muscat Stock Exchange (MSX) reported record trading volumes in 2025, exceeding OMR5 billion, benefiting from the demand of local investment funds and institutions to buy. In addition, public shareholding companies listed on the exchange announced a number of positive transformations and improved financial performance that boosted buying.
Trading value rose in 2025 to OMR5.42 billion compared to OMR1.25 billion in 2024 and OMR1.13 billion in 2023. Trading on the Muscat Stock Exchange in 2025 exceeded the trading value witnessed by the exchange in the past five years since 2020, which amounted to OMR4.5 billion.
The Muscat Stock Exchange began trading in 2025 with trading levels of OMR75.3 million in January, but trading jumped by July to OMR467.8 million, then climbed to OMR524.8 million, and October recorded the best trading value at OMR1.074 billion. The value of trading in the first half of 2025 amounted to OMR917.2 million, but it jumped in the second half of the year to OMR4.125 billion with the increase in purchases by local investment funds and institutions and liquidity providers injecting more liquidity into trading.
In 2025, the Muscat Stock Exchange witnessed an increase in the total number of traded securities, including stocks, bonds, sukuk, units and preferential rights, to 25.3 billion securities, compared to 6.5 billion securities in 2024. The number of transactions executed increased from 257,000 transactions to more than 672,000 transactions.
The market capitalization of securities listed on the Muscat Stock Exchange in 2025 recorded an increase of about 16 percent, exceeding OMR32 billion, compared to about OMR27.6 billion in 2024.
At the level of indices, the main index of the Muscat Stock Exchange recorded an increase of 28.2 percent to close at 5,866 points, recording an increase of 1,290 points. The sector indices witnessed a positive performance, with the industrial sector index rising by more than 2,575 points to conclude trading in 2025 at 7,846 points. The financial sector index rose by 2,183 points and closed at 9,908 points. The services sector index climbed to 2,405 points, recording an increase of 662 points. The Sharia index rose by 100 points and closed at 525 points.
Bank Muscat’s stock attracted investors, witnessing trades worth OMR888.3 million, representing 17.6 percent of the total trading value. Bank Sohar International came in second place with trades worth OMR775.4 million, OQ Basic Industries came in third with trades worth OMR731.4 million, OQ Exploration and Production came in fourth place with trades worth OMR604 million, and OQ Gas Networks came in fifth after witnessing trades worth OMR467.5 million, representing 9.2 percent of the total trading value. The five companies witnessed trades worth OMR3.4 billion, accounting for 68.7 percent of the total trading value.
The year 2025 also saw the prices of 87 securities rise, compared to 34 securities whose prices declined and 21 securities that remained unchanged at their previous levels. National Aluminium Products shares recorded the highest rise, increasing by 175 percent and closing at 110 baisa. Al Anqa Energy stock rose by 167 percent and closed at 155 baisa. Voltamp Energy stock rose from 415 baisa to OMR1.70, recording a rise of 157 percent. International Financial Investments stock rose by 151 percent and closed at 214 baisa. Al Suwadi Energy stock rose from 65 baisa to 162 baisa, recording a rise of 149 percent.
The Financial Services stock led the losing stocks, declining by 63 percent and closing at 58 baisa. Barka Water and Power stock fell from 322 baisa to 178 baisa, recording a decline of 44 percent. Oman Chlorine stock declined by 43 percent and closed at 233 baisa. SMN Power Holding stock fell by 35 percent and closed at 223 baisa. Salalah Mills stock recorded a decline of 29 percent and closed at 407 baisa.
