Muscat Stock Exchange rises by 143 points in weekly trading

Muscat: The main index of the Muscat Stock Exchange rose by 143 points during the week and closed at 7,775 points, recording its first rise after 4 weeks of decline, benefiting from investors’ buying interest after the declines recorded by stocks during the past weeks.

During week, sectoral indices recorded a collective rise, led by the financial sector index, which rose 217 points, benefiting from the return of bank and investment company stocks to the upside.

The services sector index rose 68 points, supported by energy company stocks and a number of other companies. Industrial companies led the sector index to rise by about 42 points, and the Sharia index recorded an increase of about 10 points and closed at 622 points.

The week’s trading saw the prices of 50 securities rise, compared to 14 securities whose prices declined and 20 securities that remained stable at their previous levels. This positively impacted the market capitalisation of the Muscat Stock Exchange, which recorded gains of OMR327 million concluding the week’s trading at OMR37.12 billion.

The week saw two trading days, with the stock exchange closed for three days during the Eid Al Adha holiday. The value of trading during the week amounted to OMR103.2 million, while the number of transactions executed reached 12,683.

OQ Basic Industries topped the list of most traded companies in terms of trading value with trades of OMR28.54 million, representing 27 percent of the total trading value. Bank Sohar International came in second place with trades of OMR14.67 million, Bank Muscat came in third place with trades of OMR14.47 million, OQ Exploration and Production came in fourth place with trades of OMR12.25 million, and OQ Gas Networks came in fifth place with trades of OMR12.94 million, representing 11.7 percent of the total trading value.

National Gas shares recorded the highest rise, increasing by about 7.5 percent and closing at 115 baisa. Al Anwar Investments shares rose by 7.4 percent and closed at 173 baisa, and Al Anqa Energy shares recorded an increase of 6.5 percent and closed at 245 baisa.

Al Hassan Engineering shares led the decliners, falling by 27 percent to close at 8 baisa, Oman Fisheries shares fell by 8 percent to close at 23 baisa, and Building Materials Industry shares fell by 5 percent to close at 76 baisa.

In company news, Bank Sohar International announced the completion of the issuance and allocation of 259.5 million mandatory convertible bonds worth OMR25.9 million. The bonds were listed on the Muscat Stock Exchange on May 24, and the annual interest rate on these bonds is 5.25 percent.

The Omani National Engineering and Investment Company said it had secured two operation and maintenance contracts for a government entity worth OMR8.5 million for a period of 3 years starting from July 1st.

The financial results of the Omani Fisheries Company indicated that the company’s losses decreased in the first quarter of this year to OMR475,000, compared to losses of OMR629,000 in the same period last year. The accumulated losses of the company at the end of last March increased to OMR22.6 million, compared to OMR20.2 million in March of 2025.