Saturday 11 / April / 2026
Muscat: Industrial companies listed on the Muscat Stock Exchange recorded a positive performance during the week, coinciding with the start of the announcement of financial results for the first quarter of this year. The rise in the shares of industrial companies pushed the industrial sector index to climb above the 10,100 point level, recording a weekly increase of 187 points.
The week also saw mixed performance for the Muscat Stock Exchange indices, with the main index recording a decline of about 73 points, although it is still at its highest level in 18 years.
The main index recorded a remarkable rise during the current year, breaking the 6,000 point barrier on January 5 and continuing its gains by rising to 7,000 points on February 11 and to 8,000 points on March 29. It closed the week's trading at 8,162 points.
Meanwhile, the financial sector index rose during the week by 24 points and closed at 12,869 points, and the Sharia index rose by 16 points and closed at 668 points. The services sector index recorded a decline of 24 points, affected by the decline in shares of Omantel, Ooredoo and a number of energy companies.
Trading data issued by the Muscat Stock Exchange indicated that the shares of a number of industrial companies continued their gains during the past week, with Al Anwar Ceramic Tiles shares rising by 19 percent and closing at 218 baisa, Al Maha Ceramics shares rising by 6 percent and closing at 296 baisa, Oman Cables Industry shares rising by 6 percent and closing at 2 riyals and 890 baisa, and Al Safa Foods shares recording an increase of 4.7 percent and closing at 880 baisa.
During the week, publicly listed companies on the Muscat Stock Exchange began announcing their preliminary financial results for the first quarter of this year. The Gulf Mushroom Production Company reported that its net profit rose to OMR783,000 in the first quarter of this year, compared to approximately OMR559,000 in the same period last year, registering a 40 percent increase.
The International Hotel Management Company, which operates The Chedi Hotel, announced that its net profit rose to OMR730,000 in the first quarter of this year compared to OMR560,000 Omani rials in the same period last year, registering a 30 percent growth.
The preliminary financial results of the Pearl Real Estate Investment Fund reveals that the fund's net profit in the first quarter of this year to fell OMR1,598,000, compared to OMR1,682,000 in the first quarter of last year. Meanwhile, net assets attributable to unit holders at the end of March rose to OMR66.9 million, compared to OMR65.6 million in March 2025. The announcement of preliminary financial results is expected to be completed by mid-April.
The market value of securities listed on the Muscat Stock Exchange declined at the end of the week’s trading to OMR37.96 billion registering weekly losses of OMR123 million.
Trading value the week recorded a decline of 21 percent to fall to OMR309.1 million compared to OMR395 million during the previous week. The number of transactions executed recorded a slight decline of less than one percent to 32,316 transactions.
Bank Sohar International topped the list of most traded companies in terms of trading value with OMR76.5 million, accounting for 24.7 percent of the total trading value. OQ Basic Industries came in second place with trading value of OMR50.4 million, Bank Muscat came in third place with trading value of OMR47.6 million, OQ Exploration and Production came in fourth place with trading value of OMR27.4 million, while OQ Gas Networks came in fifth place with trading value of OMR26.4 million, representing 8.5 percent of the total trading value.
During the week, the prices of 38 securities rose, led by Oman and Emirates Investment Holding Company, whose shares rose by about 23 percent and closed at 145 baisa. Al Anwar Ceramic Tiles shares rose by 19.1 percent, Al Anwar Investments shares rose by 15.9 percent and closed at 182 baisa, Al Jazeera Services shares rose by 15.8 percent and closed at 270 baisa, and Al Batinah Development and Investment shares rose by 15.7 percent and closed at 81 baisa.
