Saturday 14 / November / 2026
Muscat: The main index of the Muscat Stock Exchange (MSX) resumed its rise during the week after 4 weeks of decline, benefiting from investors’ interest in the shares of a number of leading companies such as Bank Muscat, Ooredoo, Abraj Energy Services, Oman Cement, Omantel, Voltamp Energy and a number of other companies that closed higher.
The main index rose 78 points during the week and closed at 7,354 points.
Sectoral indices recorded a collective rise, with the industrial sector index rising 69 points, the services sector index rising 67 points, the financial sector index rising 22 points, and the Sharia index rising 11 points.
These gains came amid a surge in buying by individual Omani and foreign investors, who accounted for about 12 percent of the total trading value compared to sales of 9.3 percent, while local investment funds and institutions were net sellers, with their sales representing 82.1 percent of the total trading value compared to purchases of 81.2 percent.
Trading value rose during the week by 11.2 percent to reach approximately OMR200.5 million compared to OMR180.1 million in the previous week. The number of transactions executed decreased by 2.7 percent from 72,000 to 70,000.
The total market capitalisation of the Muscat Stock Exchange recorded gains of OMR300.2 million during the week, rising to OMR39.10 billion at the close of weekly trading.
Omantel topped the list of most traded companies in terms of trading value, with trades of approximately OMR50 million, representing 24.9 percent of the total trading value. Bank Muscat came next with trades worth OMR31.7 million, OQ Gas Networks saw trades worth OMR27 million, Bank Sohar International witnessed trades worth OMR23.6 million and OQ Exploration and Production came saw trades worth OMR17.9 million representing 8.9 percent of the total trading value.
During the week saw the prices of 37 securities rose, compared to 39 securities whose prices declined and 17 securities that remained unchanged at their previous levels. Al Jazeera Services shares recorded the highest gains, rising by 21.2 percent. The company during the week that its board of directors proposed distributing interim cash dividends of 45 baisa per share, noting that this proposal is subject to the approval of the Ordinary General Assembly scheduled to be held on December 7. The stock rose 52 baisa last week and closed at 297 baisa, and witnessed the execution of 117 transactions with a trading value of OMR145,000.
Musandam Power's stock rose 10.3 percent and closed at 330 baisa, while the stock of Building Materials Industry Company rose 8.5 percent and closed at 76 baisa. Ooredoo's stock rose from 311 baisa to 336 baisa, recording an 8 percent increase, and Oman Chlorine's stock rose 6.6 percent and closed at 160 baisa.
The week also saw the launch of the subscription for 200 million shares offered by Raysut Cement Company to exercise the pre-emptive right at a price of 102 baisa per share during the period from November 12 to 22. The share price closed at 130 baisa, down 23 baisa during the week, and 47 transactions were executed with a value of OMR67,000.
The Muscat Stock Exchange also listed the 200 million pre-emptive rights of Raysut Cement Company for temporary trading during the period from November 11 to 18. The pre-emptive rights saw 47 transactions executed with a volume of approximately OMR403,000 rights at a price ranging between 15 baisa and 50 baisa per right, and the rights closed at 25 baisa. Purchasing the rights allows investors to subscribe to the offered shares to exercise the pre-emptive right.
Raysut Cement seeks, through the offering of these shares, to partially repay existing debts and finance working capital needs and capital expenditures as part of its plans to achieve financial sustainability.
Company news
OQ Exploration and Production said that its board of directors, at its meeting during the week, approved a cash dividend of 7.23 baisa per share for the three months ending September 30, 2026, noting that November 25 was set as the entitlement date.
Jabal Real Estate Investment Fund also announced that its Board of Directors has approved the distribution of interim cash dividends of 1.825 baisa per unit, noting that the entitlement date will be November 22.
