Saturday 11 / July / 2026
Muscat: The total market capitalisation (cap) of securities listed on the Muscat Stock Exchange (MXS) rose to OMR38.3 billion at the end the week's trading session, registering weekly gains of more than OMR1.458 billion. The substantial gains of MSX was attributed to being benefited by the listing of the Oman India Fertiliser Company (Omifco) and also to the rise in shares of several companies coinciding with the start of the announcement of preliminary financial results for the first half of this year.
The Muscat Stock Exchange indices recorded collective gains, with the main index closing at 7,644 points, up 69 points. The industrial sector index rose by 107 points, the services sector index by 26 points, the financial sector index by 14 points, and the Sharia index by 9 points.
The Muscat Stock Exchange benefited from the optimistic atmosphere that the exchange witnessed with the listing of the Omifco on July 8. Trading data issued by the Muscat Stock Exchange indicated an increase in institutional purchases of the stock by local and Gulf investment funds and institutions, which supported the stock and pushed it to rise above the level of 200 baisa before it closed trading at 193 baisa, recording an increase of 37 baisa from the subscription price of 156 baisa.
The Omifco shares witnessed the execution of 16,499 transactions worth OMR74.62 million, representing 30.1 percent of the total trading value. The company's capital is OMR107 million and its market cap reached OMR1.29 billion, ranking fourth among the highest public shareholding companies in terms of market cap after OQ Exploration and Production with a market cap of OMR3.8 billion, Bank Muscat with a market cap of OMR2.9 billion and Asyad Shipping with a market cap of OMR1.4 billion, while Bank Sohar International ranked fifth with a market cap of OMR1.26 billion.
Trading value remained stable during the week at OMR247.8 million for the second week in a row, while the number of transactions executed increased by 21.7 percent from 48,000 to more than 58,000 transactions.
OQ Basic Industries ranked second among the most traded companies in terms of trading value after (Omifco) with trades of OMR27.1 million, representing 10.9 percent of the total trading value. Omantel came in third with trades valued at OMR25.8 million, Bank Muscat in fourth place with trades valued at OMR25.3 million, while Bank Sohar International came in fifth with trades valued at OMR24.6 million Omani riyals, representing 9.9 percent of the total trading value.
Purchases by local and Gulf investment funds and institutions accounted for 66.9 percent and 14.9 percent respectively of the total trading value, compared to purchases of 65.8 percent by local investment institutions and 8.1 percent by Gulf investment institutions, while local individual investors increased their sales to constitute 19.7 percent of the total trading value, compared to purchases of 14.5 percent of the trades.
The week also witnessed the rise of shares of 47 securities, most notably: Oman Cement, OQ Exploration and Production, Al Maha Petroleum Products Marketing, Oman United Insurance, OQ Basic Industries, Bank Dhofar, Oman Packaging, and Al Anqa Energy. These rises were reflected in the stock exchange indices, while the number of securities whose prices declined reached 32 securities, most notably Sohar Power, Al Maha Ceramics, Oman Finance Services bonds issued in 2026, Oman Fisheries, and Gulf Hotels - Oman.
