Muscat Stock Exchange Index Rises 143 Points in Last Week's Trading

The Muscat Stock Exchange index gained 143 points last week, ending at 7,775 and marking its first rise after four weeks of declines. Sector indices climbed, led by financials with a 217-point advance, services up 68, and industrials up about 42; the Sharia index rose to 622. Market breadth was positive, with 50 securities advancing, 14 declining, and 20 unchanged, and overall market capitalization rising by roughly 327 million Omani rials to 37.122 billion. Trading spanned two sessions after Eid al-Adha closed markets for three days, with turnover of 103.2 million rials across 12,683 transactions.

Among the most active stocks by value were OQ Basic Industries (28.054 million rials, 27%), Bank Sohar International (14.677 million), Bank Muscat (14.047 million), OQ Exploration and Production (12.253 million), and OQ Gas Networks (12.094 million, 11.7%). Stocks posting gains included National Gas (+7.5%), Al-Anwar Investments (+7.4%), and Al-Anqa Energy (+6.5%), while Al-Hassan Engineering (-27%), Oman Fisheries (-8%), and Building Materials Industry (-5%) fell.