Saturday 25 / April / 2026
Muscat: The main index of the Muscat Stock Exchange declined by 177 points during the week and closed at 8,159 points, affected by the decline in the shares of many leading companies, with increased selling pressures to take profits after many stocks recorded a number of record levels during the past weeks and the announcement of the financial results for the first quarter of this year.
During the week, the sectoral indices recorded a collective decline, led by the financial sector index, which lost 266 points and closed at 13,028 points. The services sector index declined by 79 points, the Sharia index lost 9 points, and the industrial sector index recorded the lowest declines with 6 points, concluding the week's trading at 10,073 points.
During the week, the Muscat Stock Exchange witnessed a decline in trading value of 31 percent, falling to OMR294.5 million compared to OMR430.2 million in the previous week. The number of transactions executed also declined by 23.7 percent, from more than 32,000 to about 25,000.
Bank Muscat accounted for 22.3 percent of the total trading value after witnessing trades worth OMR65.9 million. OQ Exploration and Production came in second place with trades valued at OMR49.9 million, OQ Basic Industries came in third place with trades valued at OMR48.2 million, Bank Sohar International came in fourth place with trades valued at OMR47.7 million and Omantel came in fifth place with trades valued at OMR27.4 million, representing 9.3 percent of the total trading value.
The Muscat Stock Exchange recorded losses in its market capitalisation last week estimated at OMR546 million, falling to OMR38.79 billion by the end of trading on Thursday.
The Muscat Stock Exchange was affected during the week by the decline of many leading stocks. The weekly trading bulletin issued by the Muscat Stock Exchange indicated that the prices of 51 securities declined, compared to 33 securities whose prices rose and 13 securities that remained unchanged at their previous levels. The declines included bank stocks such as Bank Muscat, Bank Sohar International, Bank Dhofar, Ahli Bank and Bank Nizwa, energy company stocks such as Al Batinah Power and Al Suwadi Power, industrial company stocks such as Voltamp Energy, Salalah Mills and Al Anwar Ceramic Tiles, in addition to telecommunications stocks with the decline of Omantel and Ooredoo stocks.
The declines also included many other leading stocks.
Salalah Mills shares recorded the largest declines after falling by 18.5 percent and closing at 570 baisa, Oman Fisheries shares fell by 10.7 percent and closed at 25 baisa, Asyad Shipping shares fell by 10.1 percent and closed at 283 baisa, Salalah Port Services shares fell by 9.9 percent and closed at 616 baisa, and Al Maha Petroleum Products Marketing shares fell by 9.8 percent and closed at 1 rial and 100 baisa.
In contrast, the Financial Corp stock recorded the highest gains, rising by 36.3 percent and closing at 90 baisa. Al Jazeera Services stock rose by 9.6 percent and closed at 285 baisa. Oman Flour Mills stock rose by 8.7 percent and closed at 587 baisa. National Oman Engineering and Investment stock rose by 7.3 percent and closed at 160 baisa.
The gains also included many other stocks, especially in the industrial sector, such as Al Jazeera Steel Products, Al Safa Foods, and Oman Cables Industry Company, which reduced the losses of the industrial sector index.
