Latest news with #MuscatStockExchange
Observer
14 hours ago
- Business
- Observer
MSX market cap surpasses RO 28 billion
MUSCAT: The market capitalisation of the Muscat Stock Exchange (MSX) climbed to over RO 28 billion last week, supported by weekly gains of RO 79.3 million as several stocks ended higher. The MSX's main index closed at 4,578 points, up 17 points, maintaining the momentum seen over the past five weeks. The services sector index gained 5 points, driven by strong performances from Ooredoo, Omantel and OQ Gas Networks. In contrast, the industrial and financial sector indices dropped by 17 and 10 points, respectively, while the Shariah index recorded a marginal decline. The daily trading volume increased to RO 11 million, up from RO 10 million the previous week. The average daily number of transactions also rose, reaching 2,149 compared to 1,787. Trading was limited to four days due to the Eid Al Adha holiday. OQ Base Industries dominated activity with trades worth RO 10.58 million — 24 per cent of the week's total trading value of RO 44 million. Its share price rose by 4 baisas to close at 122 baisas. Bank Muscat followed with RO 5.49 million in trades, while OQ Gas Networks, Sohar International Bank, and OQ Exploration and Production rounded out the top five most traded stocks. Market performance remained buoyant with 34 securities gaining, 30 losing and 17 remaining unchanged. Muscat Gases posted the highest weekly gain at 18 per cent, closing at 118 baisas. Galfar Engineering rose 9 per cent to 72 baisas, while National Gas gained 8.8 per cent to 86 baisas. National Gas Company also announced the acquisition of an 80-per cent stake in Samharam Gas Company, which operates LPG bottling and distribution in Dhofar. The deal is expected to enhance the company's market position and profitability. In corporate news, Al Anwar Investments reported a surge in net profits from RO 532,000 to approximately RO 2.4 million for the fiscal year ending on March 31, 2025. Its board approved a 4-per cent cash dividend and a 4-per cent bonus share issue, subject to approval at the AGM on June 25. The share closed last week at 83 baisas, down 2 baisas. — ONA
Zawya
6 days ago
- Business
- Zawya
Oman: Muscat Stock Exchange posts its first monthly gain in May
Muscat: Oman's Muscat Stock Exchange (MSX) 30 Index recorded its first monthly gain following four consecutive declines, posting a 5.7% increase in May-2025 and closing the month at 4,561.0 points, according to a new report. 'In terms of sectoral performance, all three sectors on the exchange recorded gains during the month, led by the Industrial Index, which posted a 10.1% rise,' the Kuwait-based Kamco Invest said in its latest GCC Markets Monthly Report May 2025. 'This was followed by the Services Index, which registered a gain of 5.7%, while the Financial Index recorded a moderate growth of 3.9%, closing the month at 7,942.0 points,' the report further added. Double-digit share price gains among Financial Index constituent companies such as Muscat Finance (+12.8%) and Global Financial Investment Company (+23.8%) supported the overall performance of the Financial Index during the month. Similarly, strong double-digit share price increases by several companies in the Industrial Sector, including Oman Cement Company (+26.8%) and Oman Cables Industry (+16.5%), fueled the notable rise in the Industrial Index during May-2025. The monthly stock performance chart was led by Al Maha Ceramics Co, which recorded a gain of 53.0%, followed by Oman Chromite Co. and Oman Cement Co., which posted gains of 30.2% and 26.8%, respectively. On the decliners' side, Majan Glass Co. registered the largest drop, falling by 33.3%, followed by Salalah Mills and Barka Water and Power, which recorded declines of 16.6% and 15.4%, respectively. Trading activity on the exchange witnessed a significant increase during May-2025. The total volume of shares traded surged by 42.2% to reach 941.9 million in May-2025, compared to 662.1 million in April-2025. Similarly, the total value traded rose by 47% to OMR148.4 million, up from OMR100.9 million recorded in April-2025. OQ Exploration & Production topped the monthly value traded chart with OMR22.9 million worth of shares changing hands, followed by OQ Base Industries and Bank Muscat with values traded at OMR21.6 million and OMR20 million, respectively. In terms of monthly volume traded, OQ Base Industries led with 239.7 million shares, followed by Sohar Bank and OQ Gas Networks, which recorded volumes of 128.1 million shares and 110.3 million shares, respectively. In economic news, Oman's Q1-2025 public revenues declined by 7% to reach OMR2.6 billion, compared to OMR2.8 billion during the same period in 2024, according to data released by the Sultanate's Ministry of Finance. The decline in revenue was primarily attributed to a reduction in hydrocarbon receipts, as net oil revenue fell by 13% year-on-year to OMR1.4 billion, down from OMR1.7 billion in Q1-2024. Additionally, net gas revenue registered a 2% decline, amounting to OMR725 million in Q1-2025, compared to OMR744 million in Q1-2024. On the expenditure side, Oman's public spending increased by 4% in Q1-2025 to reach OMR2.8 billion, compared to OMR2.7 billion during Q1-2024. The increase was largely driven by higher development expenditures compared to the corresponding period in 2024. Overall, Oman's current spending amounted to OMR2 billion in Q1-2025, against current revenues of OMR725 million during the quarter. Development spending by the Sultanate's ministries and government entities reached OMR254 million by the end of Q1-2025, representing approximately 28% of the total development budget of OMR900 million allocated for the full year 2025. Meanwhile, subsidies allocated to Oman's social protection system and petroleum products amounted to OMR144 million and OMR27 million, respectively, as of the end of Q1-2025. GCC markets Equity markets in the GCC region remained volatile during May-2025 replicating the trend in the broader global financial markets, Kamco Invest said in its latest report. Almost all markets in the region witnessed gains during the month, but a 5.8% decline in the TASI dragged the MSCI GCC index into the red with a decline of 2.6% during the month. Dubai and Kuwait benchmarks ended with gains of 3.3% and 1.9%, respectively, followed Abu Dhabi with a gain of 1.6%. Gains in Kuwait were mainly led by gains in the BK Premier Market index that more than offset a decline in the Main Market index. In terms of YTD-2025 performance, Kuwait continues to lead in the region with the only market with a double-digit gain of 10.2% followed by Dubai and Abu Dhabi with gains of 6.2% and 2.8%, respectively. The rest of the GCC markets show a YTD decline with Saudi Arabia leading with a fall of 8.7% as was the MSCI GCC Index with a fall of 1.6%. In terms of sector performance, most large-cap sectors registered declines during the month. The Utilities index witnessed the biggest decline of 9.6% followed by Healthcare and F&B with declines of 5.2% and 5.0%, respectively. Sectors like Materials, Real Estate and Banks also registered declines. Gainers were few and was topped by Capital Goods index with an increase of 2.6% followed by Diversified Financials and Transportation indices with gains of 2.2% and 1.1%, respectively. Global markets continued to witness volatility especially given the tariff threats followed by postponements. The MSCI World index witnessed a gain of 5.5% during May-2025 led by gains across key global equity markets. Nasdaq Comp index was the best performing market with a gain of 9.6%. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
7 days ago
- Business
- Times of Oman
Muscat Stock Exchange posts its first monthly gain in May
Muscat: Oman's Muscat Stock Exchange (MSX) 30 Index recorded its first monthly gain following four consecutive declines, posting a 5.7% increase in May-2025 and closing the month at 4,561.0 points, according to a new report. 'In terms of sectoral performance, all three sectors on the exchange recorded gains during the month, led by the Industrial Index, which posted a 10.1% rise,' the Kuwait-based Kamco Invest said in its latest GCC Markets Monthly Report May 2025. 'This was followed by the Services Index, which registered a gain of 5.7%, while the Financial Index recorded a moderate growth of 3.9%, closing the month at 7,942.0 points,' the report further added. Double-digit share price gains among Financial Index constituent companies such as Muscat Finance (+12.8%) and Global Financial Investment Company (+23.8%) supported the overall performance of the Financial Index during the month. Similarly, strong double-digit share price increases by several companies in the Industrial Sector, including Oman Cement Company (+26.8%) and Oman Cables Industry (+16.5%), fueled the notable rise in the Industrial Index during May-2025. The monthly stock performance chart was led by Al Maha Ceramics Co, which recorded a gain of 53.0%, followed by Oman Chromite Co. and Oman Cement Co., which posted gains of 30.2% and 26.8%, respectively. On the decliners' side, Majan Glass Co. registered the largest drop, falling by 33.3%, followed by Salalah Mills and Barka Water and Power, which recorded declines of 16.6% and 15.4%, respectively. Trading activity on the exchange witnessed a significant increase during May-2025. The total volume of shares traded surged by 42.2% to reach 941.9 million in May-2025, compared to 662.1 million in April-2025. Similarly, the total value traded rose by 47% to OMR148.4 million, up from OMR100.9 million recorded in April-2025. OQ Exploration & Production topped the monthly value traded chart with OMR22.9 million worth of shares changing hands, followed by OQ Base Industries and Bank Muscat with values traded at OMR21.6 million and OMR20 million, respectively. In terms of monthly volume traded, OQ Base Industries led with 239.7 million shares, followed by Sohar Bank and OQ Gas Networks, which recorded volumes of 128.1 million shares and 110.3 million shares, respectively. In economic news, Oman's Q1-2025 public revenues declined by 7% to reach OMR2.6 billion, compared to OMR2.8 billion during the same period in 2024, according to data released by the Sultanate's Ministry of Finance. The decline in revenue was primarily attributed to a reduction in hydrocarbon receipts, as net oil revenue fell by 13% year-on-year to OMR1.4 billion, down from OMR1.7 billion in Q1-2024. Additionally, net gas revenue registered a 2% decline, amounting to OMR725 million in Q1-2025, compared to OMR744 million in Q1-2024. On the expenditure side, Oman's public spending increased by 4% in Q1-2025 to reach OMR2.8 billion, compared to OMR2.7 billion during Q1-2024. The increase was largely driven by higher development expenditures compared to the corresponding period in 2024. Overall, Oman's current spending amounted to OMR2 billion in Q1-2025, against current revenues of OMR725 million during the quarter. Development spending by the Sultanate's ministries and government entities reached OMR254 million by the end of Q1-2025, representing approximately 28% of the total development budget of OMR900 million allocated for the full year 2025. Meanwhile, subsidies allocated to Oman's social protection system and petroleum products amounted to OMR144 million and OMR27 million, respectively, as of the end of Q1-2025. GCC markets Equity markets in the GCC region remained volatile during May-2025 replicating the trend in the broader global financial markets, Kamco Invest said in its latest report. Almost all markets in the region witnessed gains during the month, but a 5.8% decline in the TASI dragged the MSCI GCC index into the red with a decline of 2.6% during the month. Dubai and Kuwait benchmarks ended with gains of 3.3% and 1.9%, respectively, followed Abu Dhabi with a gain of 1.6%. Gains in Kuwait were mainly led by gains in the BK Premier Market index that more than offset a decline in the Main Market index. In terms of YTD-2025 performance, Kuwait continues to lead in the region with the only market with a double-digit gain of 10.2% followed by Dubai and Abu Dhabi with gains of 6.2% and 2.8%, respectively. The rest of the GCC markets show a YTD decline with Saudi Arabia leading with a fall of 8.7% as was the MSCI GCC Index with a fall of 1.6%. In terms of sector performance, most large-cap sectors registered declines during the month. The Utilities index witnessed the biggest decline of 9.6% followed by Healthcare and F&B with declines of 5.2% and 5.0%, respectively. Sectors like Materials, Real Estate and Banks also registered declines. Gainers were few and was topped by Capital Goods index with an increase of 2.6% followed by Diversified Financials and Transportation indices with gains of 2.2% and 1.1%, respectively. Global markets continued to witness volatility especially given the tariff threats followed by postponements. The MSCI World index witnessed a gain of 5.5% during May-2025 led by gains across key global equity markets. Nasdaq Comp index was the best performing market with a gain of 9.6%.
Saba Yemen
24-05-2025
- Business
- Saba Yemen
Muscat Stock Exchange Trading Value Rises Last Week
Muscat - (Saba): The Muscat Stock Exchange's main index rose last week, approaching the 4,500-point level, benefiting from increased liquidity, increased purchases by local investment institutions, and improvements in most local and global economic indicators. The main index rose 87 points last week, closing at 4,497 points, its best level since February 11. Sectoral indices also registered notable gains, with the industrial sector index rising 203 points to 6,200 points. The financial sector index also rose 161 points, and the services sector index rose to 1,588 points, recording a weekly increase of 23 points. The Shariah index also rose by approximately 15 points, closing the week at 427 points. Last week, the Muscat Stock Exchange benefited from buying interest from local investment institutions, accounting for 63.4 percent of the total trading value, compared to selling at 54.9 percent. This demand pushed trading value up last week to OMR 41.2 million, compared to OMR 25 million the previous week. Transactions executed rose from 6,348 to 9,369, a 47 percent increase. Last week, the prices of 49 securities rose, while prices of 17 securities declined, and 15 securities remained stable. These increases led to a rise in the market value of securities listed on the Muscat Stock Exchange by the end of last week to OMR 27.735 billion, recording weekly gains of OMR 75.2 million. Whatsapp Telegram Email Print
Zawya
15-05-2025
- Business
- Zawya
Oman: MSX pushes transparency with 2024 Report
Muscat: The Muscat Stock Exchange (MSX) has launched its first-ever Sustainability Report for 2024, underscoring its growing role in fostering ESG (Environmental, Social, and Governance) practices across Oman's capital markets. The launch, which took place during MSX's participation in Oman Sustainability Week 2025, marks a major milestone in the exchange's efforts to promote transparency, sustainability, and corporate responsibility among listed companies. The report details MSX's alignment with international sustainability standards and highlights its support for mandatory ESG disclosures set to begin in 2025. Central to this initiative is the introduction of a dedicated ESG disclosure platform—designed to serve as a benchmark for transparent and structured reporting. 'This report reflects our commitment to driving a sustainability-oriented culture within the financial sector,' MSX stated, adding that the platform aims to empower companies to embrace ESG reporting and contribute to Oman's transition toward a diversified, knowledge-based economy in line with Vision 2040. Beyond technical frameworks, the report also sheds light on MSX's broader engagement strategy. Key initiatives include community outreach, ESG awareness sessions, and investor education programmes—all aimed at cultivating a responsible investment environment. The report positions MSX as a strategic enabler of Oman's sustainable economic development, reinforcing its leadership in advancing ESG integration within the region's capital markets. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
