Muscat Stock Exchange Continues Upward Trend, Market Value Approaches RO 27.3 Billion

Muscat: The Muscat Stock Exchange (MSX) continued its upward trajectory for the second consecutive week, with market capitalization reaching approximately RO 27.33 billion by the end of trading on May 9, 2025. This marks a weekly increase of nearly RO 190 million, bolstered by the successful listing of the 74th issue of Government Development Bonds valued at RO 100 million.
Sector Performance:

The financial sector index advanced by 21 points, reflecting robust investor confidence.

The services sector gained 14 points, indicating steady growth.

The Shariah index edged up by one point to close at 403.

Conversely, the industrial sector index declined by 16 points, ending its multi-week winning streak.

Trading Activity:

Total trading value increased to RO 28.5 million from RO 27.5 million the previous week, despite a slight decrease in the number of executed transactions from 6,686 to 6,603.

Top Traded Securities:

OQ Basic Industries led with trades worth RO 6.2 million.

Bank Muscat followed at RO 4.2 million.

OQ Exploration and Production recorded RO 4.18 million in trades.

Bank Sohar International and OQ Gas Networks rounded out the top five.

Market Movements:

Out of the listed securities, 29 posted gains, 33 declined, and 26 remained unchanged. Additionally, four companies were promoted from the parallel to the regular market after meeting listing criteria, while six were downgraded for not meeting essential trading and financial benchmarks.
The recent performance underscores investor optimism and the MSX’s resilience amid global economic uncertainties.