A landmark exchange rising in the middle of over 93.9 million rials
Source: Oman Daily (عمان) — الاقتصادية
Original summary written by Tharwa from the source above. How we source and correct stories
The story in brief
The Muscat Stock Exchange index recorded an increase of 58.3 points, and closed at 7788.14 points. The trading value reached 93.913 million Omani riyals, and the market value reached 39.87 billion riyals. Most indices rose by 0.7%, the services index by 0.4%, and the Sharia index by 0.1%, while the industry index decreased by 0.1%. Bank Muscat acquired the trading value by 26.8 million. Oman Telecommunications with 13.3 million riyals, and Sohar International Bank with 12.5 million riyals. Al Batinah Development and Investment recorded the highest percentage of increase among the traded companies by 10.7%, and its shares closed at 72 baisas, and Omani 2024 free financing bonds by 5.8% and its shares closed at 90 baisas, and Bank Muscat by 3% and its shares closed at 438 baisas.
Detailed summary
The Muscat Stock Exchange index recorded an increase of 58.3 points, and closed at 7788.14 points. The trading value reached 93.913 million Omani riyals, and the market value reached 39.87 billion riyals. Most indices rose by 0.7%, the services index by 0.4%, and the Sharia index by 0.1%, while the industry index decreased by 0.1%. Bank Muscat acquired the trading value by 26.8 million. Oman Telecommunications with 13.3 million riyals, and Sohar International Bank with 12.5 million riyals. Al Batinah Development and Investment recorded the highest percentage of increase among the traded companies by 10.7%, and its shares closed at 72 baisas, and Omani 2024 free financing bonds by 5.8% and its shares closed at 90 baisas, and Bank Muscat by 3% and its shares closed at 438 baisas.
The most prominent losers: Oman National Engineering and Investment was the most prominent loser during the session with a decline of 6.2% and its shares closed at 149 baisas, followed by Oman Arab Bank by 6.1% and its shares closed at 337 baisas, and Oman Fish by 4.5% and its shares closed at 21 baisas. Omani investors turned to selling, as the percentage of their sales reached 89.5% with a value of 84 million riyals compared to 87.4%. Their purchases amounted to 82.1 million riyals, while the value of their purchases by non-Omanis amounted to 11.7 million riyals, or 12.5%, and the value of their sales amounted to 9.8 million riyals, or 10.4%. The net non-Omani investment increased to 1.9 million riyals, or 2%.
Background & context
This story sits within Oman's broader reform agenda and efforts to grow Banking as a pillar of non-oil GDP. The region benefits from supportive energy prices, expansionary government budgets, and rising interest from sovereign wealth funds and foreign investors.
Key numbers & facts
- The trading value reached 93.913 million Omani riyals, and the market value reached 39.87 billion riyals.
- Most indices rose by 0.7%, the services index by 0.4%, and the Sharia index by 0.1%, while the industry index decreased by 0.1%.
- Bank Muscat acquired the trading value by 26.8 million.
- Oman Telecommunications with 13.3 million riyals, and Sohar International Bank with 12.5 million riyals.
- Al Batinah Development and Investment recorded the highest percentage of increase among the traded companies by 10.7%, and its shares closed at 72 baisas, and Omani 2024 free financing bonds by 5.8% and its shares closed at 90 baisas, and Bank Muscat by 3% and its shares closed at 438 baisas.
Key points
- The Muscat Stock Exchange index recorded an increase of 58.3 points, and closed at 7788.14 points.
- The trading value reached 93.913 million Omani riyals, and the market value reached 39.87 billion riyals.
- Most indices rose by 0.7%, the services index by 0.4%, and the Sharia index by 0.1%, while the industry index decreased by 0.1%.
- Bank Muscat acquired the trading value by 26.8 million.
Why this matters
This matters because activity in Banking, Capital Markets shapes capital flows, hiring and investor sentiment across Oman.
Economic & market impact
Potential impact: - Banks may see shifts in mortgage, project finance and corporate lending pipelines. - Listed GCC equities and indices may see direct trading reaction.
GCC angle
For the rest of the GCC, this is a signal on the pace of activity in Banking, Capital Markets. Capital flows and regulatory decisions in one Gulf state typically travel across borders given the similar economic structures and the coordination inside the GCC framework.
Risks & uncertainty
There is uncertainty around the read-through: projections can be moved by swings in oil prices, by US monetary policy tightening that most GCC central banks track via dollar pegs, and by regional geopolitical events. Headline numbers may also be revised when subsequent official data is published.
What happens next?
Watch for upcoming disclosures from listed names in Banking, Capital Markets, official macro releases for Oman, and any commentary from regulators or sovereign wealth funds. Tharwa will refresh this briefing as new public information becomes available.
Sources used
This is an original Tharwa briefing based on the available source material. Read the full article from the publisher.
Tharwa Weekly
One weekly digest of the GCC economy, companies, markets and investment opportunities — clear and concise.