Saturday 07 / November / 2026
Muscat: Shares of industrial companies listed on the Muscat Stock Exchange (MSX) recorded new gains during the week, raising the industrial sector index to 9,730 points, recording a weekly increase of 17 points. The sector benefited from the rise in shares of Oman Cement, Al Safa Foods, Al Maha Ceramics, Al Anwar Ceramic Tiles, Muscat Thread Mills and a number of other industrial companies.
The Muscat Stock Exchange witnessed volatile performance during the week, which pushed the main index of the exchange down by about 70 points, continuing its decline for the fourth week in a row and closing at the end of the week’s trading at 7,276 points. The financial sector index recorded the highest losses, declining by 92 points, and the services sector index declined by 29 points. The Sharia index recorded an increase of two points and closed at 611 points.
Trading value fell to OMR180.1 million compared to OMR318.9 million the previous week, registering a decline of 43 percent. The number of transactions executed dropped to 72,000, compared to more than 75,000 transactions executed in the previous week. The market capitalisation of securities listed on the exchange also declined to OMR38.49 billion, registering weekly losses of about OMR95 million.
During the week, the Muscat Stock Exchange listed the twelfth issue of sovereign sukuk in the bonds and sukuk market with a value of OMR150 million, with a value of OMR1,000 per sukuk and an annual profit rate of 4.85 percent.
This listing led to an increase in the market capitalisation of the bonds and sukuk market to OMR5.5 billion. However, the declines recorded by shares pushed the overall market capitalisation of the Muscat Stock Exchange down.
The week also saw the prices of 44 securities decline, compared to 28 securities whose prices rose and 21 securities that remained unchanged. Oman Cement shares recorded the highest gains, rising by 8.1 percent and closing at 730 baisa. The company will hold an ordinary general meeting on November 18 to discuss a proposal to distribute interim cash dividends of 30 baisa per share from retained earnings until December 2025.
Renaissance Services shares rose by 3.7 percent and closed at 275 baisa, Al Anwar Investments shares climbed to 202 baisa, recording a rise of 3 percent, Oman Real Estate Fund units rose by 2.8 percent and closed at 107 baisa, and Dhofar Generating shares rose by 2.6 percent and closed at 77 baisa.
Musandam Power shares recorded the highest losses, declining by 12.5 percent and closing at 299 baisa. Salalah Port Services shares fell to 475 baisa, recording a drop of 9.8 percent. Sembcorp Salalah shares dropped to 255 baisa, declining by 8.6 percent. Oman Refreshments shares fell to 1.60 rials, recording a drop of 7.5 percent. Raysut Cement shares declined by 6.7 percent and closed at 153 baisa.
Omantel shares accounted for 23 percent of the total trading value, with trades worth 41.5 million Omani riyals. OQ Gas Networks came in second with trades of 26.9 million Omani riyals, OQ Basic Industries came in third with 23.6 million Omani riyals, Bank Muscat came in fourth with 18.4 million Omani riyals, and Voltamp Energy came in fifth with trades of 16.2 million Omani riyals, representing 9 percent of the total trading value.
Company news:
Al Suwadi Power Company and Al Batinah Power Company announced that they have obtained approval from the Public Services Regulatory Authority for the refinancing process, noting in two separate disclosures that obtaining this approval fulfills one of the subsequent conditions stipulated in the new financing documents for the refinancing process.
