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Muscat Daily
26-07-2025
- Business
- Muscat Daily
Muscat Stock Exchange index breaks 4,700-point barrier
Muscat – The Muscat Stock Exchange's (MSX) main index recorded new gains last week, surpassing the 4,700-point threshold and extending its winning streak to five consecutive weeks. The index reached 4,777 points – its highest level since early November – before trimming gains and closing the week at 4,718 points, up 64 points overall. Sectoral indices also posted positive performances, led by the Industrial Sector Index, which climbed 116 points. The Services Sector Index rose by 78 points, the Financial Sector Index by 27 points, and the Shariah Index by approximately 8 points. This upward trend was supported by increased institutional investment in the MSX and growing investor optimism regarding improved financial results, following the recent announcement of listed public joint-stock companies' earnings for the first half of the year. Last week, the Muscat Stock Exchange recorded a market capitalisation gain of RO178.2mn, reaching RO28.821bn by the close of trading on Thursday. Trading value surged by 64% to RO135.1mn, compared with RO82.3mn the previous week. The number of executed transactions also rose by 26.5%, from 10,593 to 13,400. OQ Base Industries led trading activity, with trades valued at RO36.5mn – accounting for 27% of total trading value. Bank Muscat followed with RO22.2mn, Oman Flour Mills with RO18.7mn, OQ Exploration and Production with RO16.5mn, and Sohar International with RO12.7mn, representing 9.4% of the total. A total of 47 securities advanced last week, while 28 declined and 12 remained unchanged. Dhofar Power Generation Company posted the highest gain, rising 32.7% to close at 77bz. Building Materials Industries increased by 25.4% to close at 79bz, and Al Suwadi Energy climbed 17.5% to reach 94bz. Among the biggest losers, United Finance bonds fell 30% to close at 70bz. Barka Water and Power shares declined by 12.2% to 180bz, and Oman Arab Bank's 2024 mandatory convertible bonds dropped 9% to close at RO1. In a significant development, OQ Exploration and Production announced its intention to repurchase a portion of its listed shares on the Muscat Stock Exchange. The company plans to buy between 45mn and 60mn shares at market price. The repurchase process will commence on August 9 and continue until February 9, 2026, or until the targeted number of shares has been acquired. Following the announcement, OQEP's share price fell by 16bz – from 348bz to 332bz. The share had previously seen a price increase after the company's extraordinary general meeting on June 24 approved an amendment to its articles of association, introducing a provision related to share buybacks. Last week also saw the launch of Ahlibank's pre-emptive rights issue, which is open to shareholders from July 24 to 28. Valued at RO50mn, the bank announced that share allocation will take place on July 30. The offering, priced at 142bz per share, is part of Ahlibank's efforts to raise capital. Ahlibank's share closed at 150bz at the end of the week's trading, down two baisas from the previous close. Four transactions were executed, amounting to RO10,600. Meanwhile, the pre-emptive rights saw 51 transactions involving 91mn rights, valued at RO96,000, with prices ranging between one and two baisas.
Zawya
21-07-2025
- Business
- Zawya
Egypt: EGX ends Sunday's session in green zone
Arab Finance: The Egyptian Exchange (EGX) closed Sunday's trading session with a positive performance, with the EGX30 rising by 0.74% to 34,071 points. The Sharia-compliant index, EGX33 Shariah index, went up by 0.92% to 3,524.34 points. Both the EGX70 index as well as the EGX100 index also ended the session higher by 1.68% at 10,298.03 points and by 1.50% at 13,937.27 points, respectively. The turnover stood at EGP 6.314 billion through the exchange of 2.062 billion shares over 136,830 transactions, while market capitalization reached EGP 2.409 trillion. Retail investors took over 62.82% of the total trading, while the institutions represented the remaining 37.17%. Egyptian investors controlled 75.54% of trading transactions, whereas Arab and foreign traders accounted for 22.93% and 1.53%, respectively. Arab investors were net sellers with EGP 1.167 billion. The Egyptian and foreign traders were buyers with EGP 1.149 billion and EGP 17.833 million, respectively. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
18-07-2025
- Business
- Zawya
Egypt: EGX ends Thursday's session in green zone
Arab Finance: The Egyptian Exchange (EGX) closed Thursday's trading session with a positive performance, with the EGX30 rising by 1.04% to 33,821.03 points. The Sharia-compliant index, EGX33 Shariah index, went up by 0.63% to 3,492.38 points. Both the EGX70 index as well as the EGX100 index also ended the session higher by 0.08% at 10,127.66 points and by 0.25% at 13,731.39 points, respectively. The turnover stood at EGP 4.472 billion through the exchange of 1.263 billion shares over 102,315 transactions, while market capitalization reached EGP 2.392 trillion. Retail investors took over 74.36% of the total trading, while the institutions represented the remaining 25.63%. Egyptian investors controlled 86.17% of trading transactions, whereas Arab and foreign traders accounted for 4.57% and 9.25%, respectively. Arab investors were net sellers with EGP 100.296 million. The Egyptian and foreign traders were buyers with EGP 60.874 billion and EGP 39.422 million, respectively. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
15-07-2025
- Business
- Zawya
Egypy: EGX ends Monday's session in green zone
Arab Finance: The Egyptian Exchange (EGX) closed Monday's trading session with a positive performance, with the EGX30 rising by 2.04% to 33,727.44 points. The Sharia-compliant index, EGX33 Shariah index, went up by 1.03% to 3,483.32 points. Both the EGX70 index as well as the EGX100 index also ended the session higher by 0.89% at 10,196 points and by 1.21% at 13,787.99 points, respectively. The turnover stood at EGP 4.594 billion through the exchange of 1.431 billion shares over 110,184 transactions, while market capitalization reached EGP 2.382 trillion. Retail investors took over 75.29% of the total trading, while the institutions represented the remaining 24.70%. Egyptian investors controlled 88.26% of trading transactions, whereas Arab and foreign traders accounted for 6.1% and 5.65%, respectively. Foreign investors were net sellers with EGP 12.500 million. The Egyptian and Arab traders were buyers with EGP 10.719 billion and EGP 1.780 million, respectively. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
BusinessToday
25-06-2025
- Business
- BusinessToday
KLCI Kicks Off With A Climb As Bulls Take Charge
Bursa Malaysia opened on a positive note today, with the benchmark FBM KLCI climbing 8.84 points to 1,523.13 as of 9.18am, supported by gains across broader indices and steady investor sentiment. The FBM 70 advanced 134.88 points to 16,213.86 while the FBM Emas improved by 71.72 points to 11,359.75. The Shariah Index (FBMSHA) rose 70.65 points to 11,294.80, and the F4GBM ESG Index gained 5.83 points to 918.42, reflecting broad-based optimism in the market. Among the most actively traded stocks, Nexgram Holdings led the volume chart, rising 1 sen to 36.5 sen on 147.2 million shares traded. Magma Group followed, gaining 1 sen to 48.5 sen with 61.8 million units changing hands. Meanwhile, RL slipped 2 sen to 29 sen, and CKI fell 3 sen to RM1.05. MYEG edged up half a sen to 92.5 sen. The market sentiment appeared buoyant, with more advancers than decliners at the opening bell, in line with regional peers and improved overnight cues from global markets. Related
