Saturday 24 / January / 2026
Muscat: The Muscat Stock Exchange recorded mixed results during the week, pending the completion of the announcement of financial results and recommendations from public shareholding companies regarding the profits they will pay to shareholders.
The main index of the Muscat Stock Exchange closed at 6,214 points at the end of the week's trading, down 9 points after two weeks of gains. The services sector index recorded a decline of 23 points, affected by the decline in shares of Renaissance Services, Ooredoo, and a number of energy companies listed in the services sector index sample.
While the industrial sector index managed to continue its rise, increasing by 216 points, supported by Voltamp Energy, Al Safa Foods, Al Anwar Ceramic Tiles, and Gulf International Chemicals, the financial sector index recorded an increase of 117 points, benefiting from the rise in shares of Bank Muscat, Bank Nizwa, Ominvest, Al Madina Takaful, and a number of finance companies. The Sharia index recorded an increase of 13 points and closed at 583 points.
The market value of securities listed on the Muscat Stock Exchange rose to OMR33.26 billion by the end of week’s trading, recording weekly gains of OMR11.7 million.
The week saw a 1.6 percent increase in the number of transactions executed, exceeding 20,500 transactions compared to 20,231 transactions executed in the week before, while the value of trading decreased by 25.4 percent from OMR174.6 million to OMR130.1 million.
During the week, investors targeted shares of Bank Muscat, Omantel, and OQ Exploration and Production, which together accounted for 56 percent of the total trading value. Bank Muscat topped the list of most traded companies with trades worth OMR30.8 million, followed by Omantel with trades worth OMR21.6 million, and OQ Exploration and Production in third place with trades worth OMR20.7 million.
Trading data issued by the Muscat Stock Exchange showed that winning stocks outnumbered losing stocks, with the prices of 40 securities rising, compared to 34 securities whose prices declined and 21 securities that remained unchanged at their previous levels.
The Financial Services stock led the gainers, rising by 41.2 percent and closing at 89 baisa. Preliminary financial results indicated that the company achieved net profits of OMR96,000 last year, compared to losses of OMR99,000 in 2024. Dhofar Food and Investment stock rose by 40.9 percent and closed at 155 baisa. The company recorded net profits for the parent company of OMR2.6 million last year, compared to losses of OMR53,000 in 2024. The group reduced its losses from OMR4.1 million to OMR324,000.
The list of winning stocks included Al Safa Foods, whose shares rose by 16.3 percent and closed at 704 baisa, United Finance, whose shares rose by 14.2 percent and closed at 88 baisa, and Voltamp Energy, whose shares rose by 13.7 percent and closed at 1 rial and 445 baisa.
The shares of Taajeer Finance led the losing stocks, declining by 5.8 percent and closing at 128 baisa, while the shares of Salalah Mills declined by 4.7 percent and closed at 400 baisa, and the shares of Oman Oil Marketing Company fell by 4.3 percent and closed at 841 baisa.
Company news: Desert Hospitality announced that it intends to distribute cash dividends of 250 baisa per share for the financial year ending November 30, noting that this recommendation will be presented to shareholders at the Annual General Meeting scheduled for February 24.
The company recorded net profits of OMR2.7 million in its previous fiscal year, compared to about OMR2.9 million in its fiscal year ending November 30, 2024. The share price closed at OMR2.800 in its last trading session. It is an undivided share with a nominal value of one Omani riyal.
