Saturday 02 / May / 2026
Muscat: The main index of the Muscat Stock Exchange rose 210 points during the week in a new upward wave that enabled the index to recover the losses it suffered a week earlier when it declined by 177 points.
The gains made by leading stocks during the week pushed the main index of the Muscat Stock Exchange to record its best rise in 4 weeks, concluding the week's trading at 8,369 points. The sectoral indices recorded a collective rise, led by the financial sector index, which also rose by 210 points. The industrial sector index rose by 123 points, the services sector index rose by 84 points, and the Sharia index recorded a rise of 10 points and closed at 656 points.
The Muscat Stock Exchange witnessed a number of gains during the week, with the prices of 56 securities rising, compared to 22 securities whose prices declined and 21 securities that remained unchanged at their previous levels.
The market capitalisation of securities listed on the stock exchange managed to record weekly gains of OMR351.3 million during the past week, rising to OMR38.43 billion by the end of trading on Thursday.
Trading value rose by 25 percent to reach OMR370.1 million during the week, compared to OMR294.5 million in the week before. The number of executed transactions recorded growth of 8.6 percent, from about 25,000 to more than 27,000 transactions.
Bank Sohar International topped the list of most traded companies in terms of trading value, with trades worth OMR79.2 million, representing 21.4 percent of the total trading value. OQ Basic Industries came second with trades worth OMR75.2 million and Bank Muscat came in third with trades worth OMR53.8 million.
The Fincorp's stock recorded the highest gains, rising by 37.7 percent and closing at 124 baisa. The company's financial results indicated that it achieved net profits of about OMR29,000 in the first quarter of this year, compared to losses of about OMR217,000 in the same period last year.
Muscat Insurance shares rose by 32 percent and closed at 820 baisa, Dhofar Insurance shares climbed to 371 baisa, recording a rise of 20.4 percent, Oman Fisheries shares recorded gains of 16 percent and closed at 29 baisa, and Salalah Mills shares rose to 650 baisa, recording gains of 14 percent.
The building materials sector led the decliners, falling 5 percent to close at 76 baisa. The National Oman Engineering and Investment Company's stock fell 3.7 percent to close at 154 baisa. The Arab Falcon Insurance Company's stock dropped 3.5 percent to close at 135 baisa. Barka Water and Power Company's stock fell 3.3 percent to close at 172 baisa. Salalah Port Services Company's stock recorded a decline of 2.6 percent to close at 600 baisa.
Market news: The week saw the listing of the 83rd issue of government development bonds (GDBs) on the bonds and sukuk market, with a value of OMR100 million and an annual interest rate of 4.2 percent. This is the fourth issue of government development bonds to be listed on the Muscat Stock Exchange this year.
